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Article

13 Sep 2002

Author:
Amazon Watch, Environmental Defense and German NGOs

Author of World Bank Environmental Policies Says the OCP Crude Pipeline in Ecuador Threatens Amazon Biodiversity and Indigenous Peoples

Report Commissioned by Amazon Watch, Environmental Defense and German NGOs - Environmental groups in Germany and the US released a new report today that provides conclusive evidence that the German Bank Westdeutsche Landesbank (WestLB) violated its own policies in loaning $900 million to the OCP Consortium building Ecuador’s new heavy crude pipeline...The OCP Consortium includes: Alberta Energy - Encana (Canada), Occidental Petroleum (OXY- USA), AGIP (Italy), Repsol-YPF (Spain), Perez Compaanc (Argentina), and Techint (Argentina). Citibank and JPMorgan Chase have also come under fire for their financial role in the project.