Where are all the SEAs? Project finance and Strategic Environmental Assessment of major oil and gas developments | WWF

Where are all the SEAs? Project finance and Strategic Environmental Assessment of major oil and gas developments

Posted on 24 January 2005    
Front cover of the report.
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A series of the largest and most controversial oil and gas developments undertaken in the last decade have proceeded in the absence of an SEA, including projects funded by significant World Bank and EBRD loans.
 
The report comes as the International Finance Corporation is consulting on its Environmental Safeguards and the European Bank for Reconstruction and Development (EBRD) is revising its Energy and Natural Resources Policies. Both of these institutions have articulated their support for conducting SEAs, but neither have been able to deliver.
 
WWF is concerned that oil and gas programmes proposed for key ecoregions around the world will devastate decades of work to protect both biodiversity and livelihoods. For example frontier areas such as the East and West African coastline are subject to exploration activity. WWF is working with partners to promote discussion of strategic environmental and social issues in these regions.

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