Climate Justice Now!| Factsheet of Extractive Industries in the Developing World | Friday, December 02, 2005 |
Dependency of some developing oil & gas producing countries to donor countries, which are home to the holders of capital in major mining, oil & gas corporations, has legitimated the former as loyal servants to extractive industries. In the case of Indonesia, for instance, the contribution to national income by extractive industries has been very low for four decades of their life in Indonesia. Even worse, the energy sector restructuring agenda adopted in Indonesia since 2000 cannot be separated from the loan scheme of the IMF and the World Bank, which has flooded the country with 260 million USD. The World Bank that supposedly aims to reduce global poverty has in fact been the biggest funder for extractive industries -- which are proven to increase global poverty.
One major problem in extractive industries that have never been successfully handled by neither state managers nor corporations are their wastes. The great risks and destructiveness due to oil & gas extraction have never been countered with policy to protect the security of people or their environment.
Extractive industries always involve human rights violations. There has never been any experience of peoples' lives in areas adjacent to extractive industries being protected by the state apparatus, since their lives are considered of less worth than the foreign exchange brought in by strategic extractive industries. Women in areas to extractive industries' operations are the most vulnerable.
by: ProfMKD @ 10:01 PM