Both ENDS
This week the European Investment Bank (EIB), or ‘Europe’s house bank’, presented a concept policy note which outlines future policies on loans in the energy sector provided by the bank. Network organisations CEE Bankwatch and Counter Balance, both of which Both ENDS is a member, monitor policies and investments of the EIB. They find the new proposal very disappointing and have therefore sent a press release. Huub Scheele from Both ENDS, who has been working with our colleagues from CEE Bankwatch and Counter Balance for years, explains why.
On the 25th of March 2010, Both ENDS organised a Political Café on the social and environmental effects of coal mining in developing countries. Matthews Hlabane of the Green Revolutionary Council was our special guest of the evening. Coming from the mining city of Witbank, South Africa, he could share his first hand experience on the devastating effects of coal mining.
At the core of the Fair, Green, and Global (FGG) Alliance’s mission is the commitment to building a just and sustainable world. As members of this alliance, Both ENDS, SOMO, and the Transnational Institute (TNI) recognise the urgent need to reimagine global investment frameworks. These frameworks, entrenched in outdated treaties such as Bilateral Investment Treaties (BITs) and the Energy Charter Treaty (ECT), often prioritise corporate profits over human rights, environmental sustainability, and social justice.
The time for change is now. Civil society demands international investment
frameworks that are aligned with economic justice, social and environmental
sustainability, and the needs of communities worldwide.
A recent visit to Uganda highlighted the country as the latest example of ethical, environmental and human rights dilemmas brought forth by natural resource exploration.
Under the guise of economic prosperity and energy security, the future of Uganda’s forests, lakes, national parks, and by extension that of the people that depend on these resources, is increasingly endangered. Both ENDS partners in Uganda work with local communities to preserve these natural environments and the livelihoods that come from it.
The network of international trade and investment treaties is large and complex. The Netherlands alone has signed more than 70 bilateral investment treaties (BITs) and is party to the trade and investment agreements concluded by the EU, like the EU-Mercosur and EU-Indonesia trade deals.
Today, a week before the international climate summit in Egypt, the Dutch Government has broken a major climate promise it made last year to end public financing for international fossil fuel projects. International and Dutch NGOs argue that the new policy published by the Dutch Government on restricting finance for fossil fuels has such significant loopholes, that it essentially means The Netherlands has reneged on its promise.
Together with environmental justice groups from the Global South, Both ENDS works towards a sustainable, fair and inclusive world. Both ENDS gathers and shares information about policy and investments that have a direct impact on people and their livelihood, we engage in joint advocacy, we stimulate the dialogue between stakeholders and we promote and support sustainable local alternatives.
The Netherlands is well on its way with the energy transition at home, but our country continues to encourage Dutch investments in fossil projects elsewhere. This is obviously not in line with the climate goals and, moreover, these kinds of projects cause major problems in the countries where they take place. What can a new cabinet do to reduce the Dutch footprint abroad? Ellen Mangnus discussed this with several experts: today part 2.