Published: Saturday 15 December 2001

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.

Subscribe to Daily Newsletter :

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.