Editing World Bank Group (section)

===Extractive Industries Review===
After longstanding criticisms from [[civil society]] of the bank's involvement in the oil, gas, and [[mining industry|mining]] sectors, the World Bank in July 2001 launched an independent review called the ''Extractive Industries Review'' (EIR—not to be confused with [[Environmental impact assessment|Environmental Impact Report]]). The review was headed by an "Eminent Person", [[Emil Salim]] (former Environment Minister of Indonesia). Salim held consultations with a wide range of stakeholders in 2002 and 2003. The EIR recommendations were published in January 2004 in a final report, "Striking a Better Balance".<ref name="SBB">[http://go.worldbank.org/PIW55278X0 "Striking a Better Balance"], ''worldbank.org'', January 2004, accessed 30 May 2007.</ref> The report concluded that fossil fuel and mining projects do not alleviate poverty, and recommended that World Bank involvement with these sectors be phased out by 2008 to be replaced by investment in [[renewable energy]] and [[Sustainable energy|clean energy]]. The World Bank published its Management Response to the EIR in September 2004<ref>[http://siteresources.worldbank.org/INTOGMC/Resources/finaleirmanagementresponse.pdf "Striking a Better Balance"], {{webarchive |url=https://web.archive.org/web/20051113021620/http://siteresources.worldbank.org/INTOGMC/Resources/finaleirmanagementresponse.pdf |date=13 November 2005 }}, "World Bank Group Management Response" to "The World Bank Group and Extractive Industries: The Final Report of the Extractive Industries Review: World Bank Group Management Response",17 September 2004, accessed 30 May 2007.</ref> after extensive discussions with the board of directors. The Management Response did not accept many of the EIR report's conclusions, but the EIR served to alter the World Bank's policies on oil, gas, and mining in important ways, as the World Bank documented in a recent follow-up report.<ref name="OGMC">[http://go.worldbank.org/BE8FH2VK40 "Oil, Gas, Mining, and Chemicals" (follow up report)]{{Dead link|date=January 2022 |bot=InternetArchiveBot |fix-attempted=yes }}, accessed 30 May 2007.</ref> One area of particular controversy concerned the rights of indigenous peoples. Critics point out that the Management Response weakened a key recommendation that indigenous peoples and affected communities should have to provide 'consent for projects to proceed; instead, there would be 'consultation'.<ref>[http://www.newint.org/columns/currents/2004/11/01/sustainability/index.php "The Energy Tug of War"] {{Webarchive|url=https://web.archive.org/web/20070930183611/http://www.newint.org/columns/currents/2004/11/01/sustainability/index.php |date=30 September 2007 }}, ''[[The New Internationalist]]'', No. 373 (November 2004), accessed 30 May 2007.<!--This citation was to a vague index and not to a specific article; what source at this site? The URL given pointed to a webpage headed "Hannah Arendt" with an index of items none of which seemed to pertain.???--></ref> Following the EIR process, the World Bank issued a revised Policy on Indigenous Peoples.<ref>[https://web.archive.org/web/20080507073514/http://wbln0018.worldbank.org/Institutional/Manuals/OpManual.nsf/B52929624EB2A3538525672E00775F66/0F7D6F3F04DD70398525672C007D08ED?OpenDocument "World Bank Operational Manual: Operational Policies: Indigenous Peoples" (Op 4.10)], ''worldbank.org'', July 2005, accessed 30 May 2007. Archived version from 7 May 2008</ref>