Joint press release from Both ENDS and Fossielvrij NL - 26 March 2019
A group of 22 wealthy Dutch investors have decided to disinvest all their personal capital, worth a total of 200 million euros, from the top 200 oil, gas and coal companies. The investors have pledged to disinvest all their capital from the fossil industry within three to five years. By doing so, they are giving a clear signal that they do not want their capital to contribute to disastrous climate change.
From 7 to 18 november, the Climate Change COP22 will take place in Marrakech, Morrocco. This '22nd Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC)' as it is called officially, is the annual meeting of the 195 countries which have signed and ratified the convention.
In 2011 one of the world’s largest gas reserves was found in the coastal province of Cabo Delgado, in the north of Mozambique. A total of 35 billion dollars has been invested to extract the gas. Dozens of multinationals and financiers are involved in these rapid developments. It is very difficult for the people living in Cabo Delgado to exert influence on the plans and activities, while they experience the negative consequences. With the arrival of these companies, they are losing their land.
Last Saturday, 10 December, Both ENDS' founder, board member and advisor Irene Dankelman was awarded the title of Officer in the Order of Orange-Nassau for her work supporting marginalised groups around the world. Both ENDS is delighted that that Irene has been honoured for the work she has done to achieve a fair and sustainable world.
All around the world small-scale farmers are using sustainable and inclusive methods to produce food. Working together with nature and each other, they provide their families and communities with sufficient and healthy food. But their production methods are under pressure from large-scale agriculture and the globally dominant system of industrial food production. Together with our partners, Both ENDS is trying to turn the tide in favour of sustainable, local practices that are mostly known as 'agro-ecological' or 'nature-inclusive'. Why are we focusing on these methods? Agro-ecological practices are climate-proof and inclusive and increase the opportunities for communities around the world to produce their food sustainably.
The Netherlands provides export credit insurances and guarantees worth 1.5 billion euros annually to Dutch companies active in the oil and gas sector abroad. This support amounts to one and a half times the annual amount that the Cabinet of Prime Minister Rutte mobilises for climate initiatives worldwide. The intended effects of Dutch international climate policy are more than offset by this fossil export support. That is the conclusion of a new report from Both ENDS which is published today.