A 1,070-kilometre oil pipeline project in Chad and Cameroon is expected to fetch them us $2 billion and us $500 billion respectively, over the project's 25-year lifespan. However, environmental and human rights groups have offered strong opposition to the project and asked for a moratorium on World Bank financing for oil and gas projects. On the other hand, a senior official at the World Bank's International Finance Corporation, says the project has set new standards for ethical financing in difficult environments.
We are a voice to you; you have been a support to us. Together we build journalism that is independent, credible and fearless. You can further help us by making a donation. This will mean a lot for our ability to bring you news, perspectives and analysis from the ground so that we can make change together.
Comments are moderated and will be published only after the site moderator’s approval. Please use a genuine email ID and provide your name. Selected comments may also be used in the ‘Letters’ section of the Down To Earth print edition.