Both ENDS
The Dutch development bank FMO and the Finnish FinnFund announced this week that they are seeking ‘a responsible and legal exit’ from the Agua Zarca project in Honduras. Last week, it was reported that four suspects had been arrested in connection with the murder of human rights activist Berta Cáceres, who opposed the project for many years. One of those arrested is the manager for social and environmental affairs of DESA, the company implementing the Agua Zarca project. Because the company is a direct client of FMO and FinnFund, the banks consider the arrest good reason to take action.
“The fires have reached proportions we have never experienced before.”
Large swathes of South America are currently draped in smoke. From Buenos Aires, to São Paulo to Asunción people struggle to breathe due to unprecedented fires raging on the continent, fuelled by extreme drought, the expansion of the agriculture frontier and rising temperatures linked to climate change.
