Go to AfricaBib home

Go to AfricaBib home AfricaBib Go to database home

bibliographic database

Previous page New search

The free AfricaBib App for Android is available here

Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Chad-Cameroon oil pipeline: World Bank & ExxonMobil in 'Last Chance Saloon'
Author:Keenan, Jeremy H.ISNI
Periodical:Review of African Political Economy
Geographic terms:Cameroon
Subjects:World Bank
multinational enterprises
oil companies
Abstract:Oil exports have contributed little to the welfare of developing countries. The World Bank, as a significant source of financing for oil and gas development projects in developing countries, has been at the centre of a global debate about the relationship between the extractive industries and poverty, and the proper roles and responsibilities of international institutions, oil companies and civil society in addressing this problem. This briefing, which looks at the World Bank-funded Chad Cameroon Petroleum Development and Pipeline Project (CCPP), is an illustration of how damaging the World Bank and oil companies can be to the development and welfare of African peoples. The pipeline began pumping crude oil in July 2003. The CCPP was set up and designed to show that petrodollars really could be used to alleviate poverty. However, a report by the Catholic Relief Services and Bank Information Centre on the way in which the CCPP is developing in Chad is highly critical, revealing a lack of transparency and many loopholes in the legal safeguards, for which the World Bank and ExxonMobil are responsible. Furthermore, a preliminary investigation in Cameroon into allegations regarding the environmental impact and safety of the pipeline itself suggests that not only are the people of Cameroon unlikely to see any benefits from the new revenues, but that their welfare and lives have been put at risk by the project's violation of social and environmental safety standards and regulations. Notes, ref. [ASC Leiden abstract]