EBRD’s copycat BTC decision leaves campaigners more determined than ever

Today's decision by the European Bank for Reconstruction and Development (EBRD) to grant a USD 250 million loan for BP's controversial Baku-Tbilisi-Ceyhan (BTC) oil pipeline has come as no surprise to environmental campaigners in Azerbaijan and Georgia. However, with fresh allegations of project improprieties emerging, campaign groups have resolved that the international financial institutions (IFIs) …

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