The planned initial public offering (IPO) of Malayan state-owned enterprise Felda Global Ventures Holdings (FGVH) will take place this month (28th June). It will be underwritten by Deutsche Bank, JP Morgan and Morgan Stanley; with an expected valuation of around 2.5 billion Euro this will be the second biggest IPO ever, trailing Facebook. A significant detail is that FGVH is controlled by the governing part UMNO, led by Prime Minister Mohd Najib Abdul Razak. The upcoming privatisation might be prompted by a need to generate capital for the upcoming elections.
After months of lobbying of a group of NGOs, including Both ENDS, the United States Congress has opposed weakening of the investment criteria, the so-called ‘safeguards’ of the World Bank. The Congress sent a letter to the US Treasury, stating that the Banks’ social and environmental criteria for investments should not be weakened and the Treasury should oppose this. This is a great success for civil society organisations from around the world - including Both ENDS – which have been working for years to maintain and even improve the current investment criteria of the World Bank.
Whenever deforestation is mentioned, most people will automatically think of the Amazon rainforest. In Argentina, however, the disappearance of its forests has also become a pressing problem. In the province of Salta, for example, the deforestation level is the highest. Between 1998 and 2006, the amount of lost hectares of forests has doubled there. The culprit to this problem is the country’s agricultural activities.
On Friday, the long awaited policy note by Dutch Minister for Foreign Trade and Development Cooperation Sigrid Kaag was published. The note was the outcome of a process of consultation, scientific analysis and much discussion within and outside the Ministry of Foreign Affairs. We searched for the spirit underlying it: What trends does this minister consolidate and deepen? What is new? Are those new aspects a superficial change of discourse or a genuine break with the past? On what issues is the paper silent and what do those silences tell us?
The Rutu Foundation and Both ENDS will both organise a lecture about Opportunities for Forest Protection and Conservation of Native Culture in the Lloyd Hotel in Amsterdam.
Indigenous hunter-gatherer tribes like the Negrito in the Philippines, the Penan in Sarawak and the Ghonds in India have a wealth of knowledge of the rainforest, their natural habitat, and biodiversity. The history of the Negrito tribe goes back at least 40.000 years. However, due to the construction of dams, plantations and deforestation, their livelihoods and the survival of their culture and traditions are at stake. For this reason, there is the risk of loss of their valuable knowledge of the rainforest and local biodiversity.
For the past two months, large parts of the rainforests on Sumatra, Kalimantan and other Indonesian islands have caught fire. Each year, parts of these forests are burnt to the ground to make room for palm oil production. An illegal and completely unacceptable practice. This year, though, the fires have become even more violent than usual as the rainy season has not yet arrived. A gigantic amount of smoke has even reached and affected neighboring countries Malaysia and Singapore, and serious respiratory problems – as well as casualties - among the local population are some of the direct consequences of these forest fires. Paul Wolvekamp of Both ENDS has been closely involved in the problematic issues surrounding the production of palm oil.
Almost a billion people worldwide have to survive without clean drinking water and millions of people don't have proper sanitary provisions. This causes a lot of health risks. Managing water is a source of conflict in many areas and ill water management is one the biggest problems in providing clean water. From 12 until 17 March, Both ENDS will be attending the sixth World Water Forum (WWF) in Marseille which is held every three years since 1997. The theme this year is 'Time for Solutions'. At the WWF, deputies from local communities, together with NGO's, policy makers and companies will be searching for solutions for worldwide water issues.