26 Jan 2003
Davos, Switzerland: As helicopters continue to bring Chief Executives
world leaders into the Swiss alpine resort of Davos for this years meeting of
the World Economic Forum (WEF), Friends of the Earth has been reliably
informed by WEF participants that a secret meeting of top oil executives is
scheduled to take place here this weekend . Friends of the Earth International the worlds largest grassroots environmental network - has today challenged the WEF to either deny that such a meeting is taking place, or to come clean on which companies and governments are taking part and what is being discussed.
US Secretary of State Colin Powell is addressing the WEF today amidst
evident concern amongst many WEF business leaders and protests across
However, many WEF attendees in the oil industry are set to benefit
an Iraq war.
A recent Deutsche Bank report  indicated a potential conflict of
amongst the permanent members of the United Nations Security Council
over the commercial implications of war in Iraq. Baghdad Bazaar Big Oil in Iraq
was published last October but only came to light last week. It indicates that a
regime change in Iraq would benefit US and UK oil companies while a
peaceful resolution would benefit oil companies based in Russia, France and
On the one hand, Saddam might yield on weapons inspectors issues,
and therefore retain power. Having conceded on Weapons of Mass
Destruction (WMD), the UN would then be under pressure to ease sanctions and, in that scenario, Iraq would no doubt award contracts to its current supporters: Russia, France and China. With Saddam still in power, the US and the UK would probably continue to employ delaying tactics on implementation of deals that
enhanced Baghdads revenue flows.
On the other hand, if Saddams government is replaced - as seem
the priority for the Bush administration and sanctions eased, then the
corporate line up in Iraq may well feature US and UK companies, particularly if there has been a US driven war in the country¡¨. p. 14, Baghdad Bazaar, Deutsche Bank, 21/10/03.
The report identifies the following companies as potential beneficiaries
, who are also participants in this year's WEF meeting:
Politicians and government officials present at the WEF include:
General (Wesley) Clarkformer supreme Allied Commander for Europe,
NATO is also present at the WEF.
Friends of the Earth International held a protest outside the WEF at
this afternoon against the ¡§secret oil meeting¡¨. Protestors displayed a
meeting agenda which included two items; 1) Meet Powell¨ and 2)
Iraq, who gets what?¨. They were gagged and carrying placards saying ¡§Not
invited: Human Rights, Environment, Trust, The Public and Oil War victims¡¨.
Tony Juniper, Vice-Chair of Friends of the Earth International said:
The World Economic Forum loves to promote the so-called spirit of
Davos? - cosy fireside chats between the worlds most powerful Chief Executives
and senior politicians. Now we learn that the WEF may be playing host to a
secret meeting for the key players and beneficiaries of a war in Iraq away from
the media, the public and most importantly - the United Nations. And all at a
meeting where the WEF is claiming to be Building Trust Friends of the
International today challenges the WEF to either deny that meetings
going on between top oil executives and senior politicians, or to declare exactly who is meeting who and what is being discussed¨.
 Tony Juniper (Director of the Friends of the Earth, England, Wales
Northern Ireland) and Silva Semadeni (President of Pro Natura, Friends
of the Earth Switzerland) are both full participants at this years meeting of the
World Economic Forum.
 Traynor, J.J. Sieminski, A. Cooke, C. Urban, M. (2002) Baghdad
Oil in Iraq? Deutsche Bank, 22pp, London/New York.
Copies of the Deutsche Bank report are available from Friends of the
Earth at: [Link removed at request of Deutsche Bank]
 Other companies named in the report include Kirkuk; Rumailah;
Zarabuzhneft;Tunisia, ExxonMobil, TPIC (Turkey), Zarubezhnelt/Tatneft
(Russia), Eni, Repsol and INOC
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