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	Overview of the Problems
	Highlight: Russia's Sakhalin II
	Highlight: The BTC Pipeline

The Problems with ECAs:
An Overview

The Cristoforo Colombo lies grounded after spilling 1,300 barrels (about 170 m tonnes) of fuel oil from the ECA-backed Sakhalin II project. Written on the rock is a sign seen all along the shoreline:
"Don't litter-- be human!"
[Source: Sakhalin Environment Watch, Sept. 2004]

Arms Trade
Corruption
Debt
Energy & Climate Change (including renewable energies, nuclear projects and climate change)
Human Rights
Large Dams (and the World Commission on Dams)
Multinational Fora (including the OECD, G-8, and EU level multilateral organizations)
Oil, Gas & Mining
Pulp & Paper
Transparency
—
Africa
Americas & US
Asia & Pacific
Europe, Central Asia & Russia
MidEast & North Africa
—
"What's New" Site Update Archive

ECAs are:

One of the biggest sources of financing for harmful projects;
Undercutting progress & violating laws;
Fueling a "race to the bottom;"
Almost completely lacking transparency;
Contemptuous of affected communities;
Promoting corrupt practices;
Adding to a crushing debt for developing nations;
Facilitating arms transfers and human rights abuses;
Increasing the very risks they were created to protect companies against;
Assuming no responsibility.

Find out more about the background of ECAs in the world:

Read "ECAs Explained"

Archive of Back Issues of
ECA Watch "What's New!"

Read the collected "What's New" News Items 2002-2004. Or, browse by volume:

Read the collected "What's New" by month from August 2005 to December 2006

Indices for 2009 2008 2007 2006 2005 2004 2003 2002

July 2005

June 2005

May 2005

April 2005

January-February 2004

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