MIGA’s work in the oil, gas and mining field has led to the development of guarantees specially designed to target mining and oil and gas-related concerns. These include those that protect against the revocation of leases or concessions; tariff, regulatory, and credit risks arising from a government’s breach or repudiation of a contract; and disputes related to take-off agreements, production sharing, exploitation, and drilling rights.
Sound environmental performance, sustainability with respect to natural resource management, and social responsibility are critical to the success of these investments. Well-designed environmental and social programs can help manage reputational risks for project sponsors, reduce social conflicts within communities, protect the environment, and reduce political risks. MIGA helps clients take a responsible approach to their projects’ environmental and social aspects.
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