Both ENDS
Recently, India has terminated its bilateral investment treaties (BIT) with 57 countries, including the Netherlands. This means Dutch companies in India, and Indian companies in the Netherlands, can no longer make use of the controversial arbitration procedures called ISDS. According to Burghard Ilge from Both ENDS, India's action is a step in the right direction. However it is a missed opportunity that the Dutch government did not agree with this termination. This way, old investments stay protected for 15 years under the former BIT.
What to think of the outcomes of this year’s Conference of the Parties (COP29) of the UNFCCC? As it has been so many times, we look back with mixed feelings. On the one hand, the negotiations had very devastating outcomes. On the other hand, working so close together with our many partners and feeling their commitment and energy, also gives a spark of hope.
Over the past 15 years the production of palm oil has increased enormously, and not without reason: palm oil, pressed from the fruit of the oil palm, is cheap and is used in many different products. It is processed in ice cream, chocolate, margarine and sauces, but also in personal care products and cosmetics such as lipstick, detergent, toothpaste, soap and biofuel. Unfortunately, the large demand for palm oil has quite some negative side effects: large-scale deforestation, pollution, 'land grabbing' and above all human rights violations are common practice in countries where palm oil is produced.
Amsterdam, 23 September 2019 - The world's 5th largest pension fund, with assets of over €430 billion, Dutch ABP is continuing to invest in companies that are on a collision course with the Paris climate goals, such as coal and oil companies.
