Both ENDS
The Dutch Entrepreneurial Development Bank (FMO) has put pressure on the Panamanian government to proceed with the construction of the Barro Blanco dam. This was reported by the Dutch Newspaper ‘de Volkskrant’ on Monday the 18th of May. Construction works were suspended last February after the Panamanian environmental authority had found out that the company carrying out the construction – the Panamanian company Genisa – had violated environmental regulations and had failed to make proper arrangements with local Ngöbe communities. FMO is one of the investors in the project.
This event will showcase the vital need to advance agroecology as a people, nature and livelihood-centred approach towards climate adaptation and mitigation. It will make the case for agroecology and climate action based on researched and carefully selected case studies on agroecology in Africa and how it is and can continue contributing to adaptation and mitigation of the impacts of climate change.
From land regeneration to improving soil health – trees play a crucial role in almost all our ecosystems. Agroforestry makes use of these benefits by combining agriculture and forestry. Agroforestry, and the reforestation and conservation efforts that are part of it, improves biodiversity and climate resilience, as well as the livelihoods of the farming communities involved.
On January 25, 2019, Brumadinho region witnessed a tragedy-crime that claimed 272 lives, including two unborn children, affectionately called "Jewels" in response to VALE’s declarations that the company, as a Brazilian jewel, should not be condemned for an accident. However, the investigations about B1 dam collapse, at Córrego do Feijão Mine, showed that the scar left on the community and environment was not an accident, but VALE negligence.
On October 13th 2022, FMO published the final version of its Position Statement on Impact and ESG for Financial Intermediaries (FI statement). As civil society groups which have engaged with FMO on this topic for more than four years, we are extremely disappointed with the result. In the statement, FMO does not show sufficient commitment to ensuring its investments into financial intermediaries – which represent the bank's largest investment sector* – do not violate human rights or contribute to environmental harms.
The supposed consent given by the indigenous population for the controversial canal through their territory is deceptive. Testimonies of the Rama and Kriol population show how the consultation process has been manipulated, and that their consent is invalid.
Almost two-thirds of the export credit insurances that Atradius DSB provided in the 2012-2018 period went to the fossil energy sector. That is contrary to the climate agreements that the Netherlands signed in Paris.
Yesterday, Global Witness published a new report, "Sunk Costs" - in which I had a modest role to play - that comes up with new facts about the disastrous New Manila International Airport project in the Philippines, for which the Dutch dredging multinational Boskalis received Dutch export credit insurance (ekv) of €1.5 billion.