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For the Record

 

 

button From OPIC's (Overseas Private Investment Corporation) Environmental Handbook:

"OPIC will continually strive to make its portfolio more climate friendly by proactively seeking renewable energy projects and by seeking to harmonize its approach to climate change issues with that of other U.S. Government entities... In an effort to support the management of global greenhouse gas emissions, OPIC tracks and reports, on an aggregate basis, the annual greenhouse gas emissions from its power sector projects. OPIC will track and report, on an aggregate basis, the annual greenhouse gas emitting projects to the extent an appropriate framework is available. Aggregate tracking results will be available to the public and reported annually to Congress."
Read the full text of OPIC's Environmental Handbook.

button June 22, 1998:

The Institute for Policy Studies has reviewed and commented on the Overseas Private Investment Corporation's Environmental Guidelines, and has submitted the following comments for consideration. Broadly, our concerns center around four areas:

1) That OPIC's guidelines suggest a less than full implementation of the National Environmental Policy Act (NEPA) as mandated by the US Congress;
2) That OPIC has failed to include both sectoral--or cumulative-- environmental impacts as well as individual project-related environmental impacts in its guidelines, particularly as they relate to global climate change;
3) That there is an inherent conflict of interest in OPIC's Environmental Assessment process;
4) That OPIC has provided for less than full public disclosure around projects which have serious environmental impacts.

View the full text of IPS's comments

 

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