 |
|
|
|
|
|
|
|
|
|
|
 |
 |
|||||||||
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
|
|
||||||||||||||||||||||||||||||||
|
Information in: Español - Français - Deutsch - Português - Russian - Japanese - Svenska - Italiano - Suomi
|
||||||||||||||
|
|
|
PRIVATE
PROFITS, PUBLIC RISKS: EXAMPLES OF SOCIAL AND ENVIRONMENTAL IMPACTS OF ECA
PROJECTS IV. CABINDA OIL FIELDS, ANGOLA Project background and problems: Since the 1980s the Angolan government has encouraged the development of inland and off-shore oil fields in the Cabinda enclave, fueling the decades long civil war affecting the region and the whole country, and leading to profound environmental degradation. The government is funding most of its military operations with revenues from the oil sector and reportedly has conceded oil concessions as payment for arms purchases. Furthermore, private armies organised by US and South African companies have been set up to protect (and often expand) areas controlled by oil corporations. According to the US Government Trade Information Center, corruption occurs at all levels in Angola. ECA involvement: EXIM (United States), ECGD (UK), COFACE (France), SACE (Italy), OPIC (US). Corporate involvement: Chevron, ExxonMobil, ELF and AGIP; all are in partnerships with companies whose core business includes the arms trade, like Prodev, Falcon Oil, Naphta in the past years. Since 1996, the US company Halliburton, whose former CEO is US Vice-President Richard Cheney, has been approved for support by US Ex-Im for over $200,000,000 in exports. For more information: http://www.africaaction.org/index.php ### Previous
Section / Next
Section |
|
||||||||||
|
||||||||||||||
|
Home | What are ECAs? | The Problems | Goals | Take Action! | Press Room | About Us For Questions or Comments, email info_at_eca-watch.org
|
||||||||||||||
