Three European ECAs set to support Ilisu dam despite obvious failure to meet standards

(ECA Watch, Brussels, 27 September 2006) As OECD based ECAs debate revised environmental standards, 3 of them seem set to support one of the world's most controversial dams in Turkey which will displace tens of thousands of people, destroy a significant cultural heritage site and increase the potential for conflict over water resources with neighbouring Iraq and Syria. ECAs are also looking at support for other controversial projects such as Sakhalin, Camisea II, Yusufeli, Yemen LNG, etc., projects whose approval would seriously undermine any remaining credibility of the OECD Common Approaches environmental and social standards.