Both ENDS
The European Investment Bank (EIB) has published its new policy for energy investments. In the new draft policy, the bank states to stop investing in fossil fuel related projects from 2020. This is good news for the climate, so Both ENDS and partners are happy with this draft policy. The shareholders of the bank, the member states of the European Union, still have to approve it.
Silence can sometimes say more than a thousand words. When colleagues from our partner organisations tell us their stories,* our reaction is often silence; a dejected silence.
Each year on the 14th of November, in the Brazilian city of Cáceres the 'Day of the Paraguay River' (Dia do Rio Paraguai) is celebrated. This tradition started in the year 2000, when civil society mobilized for the first time and successfully campaigned against the construction of the Hidrovía Paraguay-Paraná. Since then, the date symbolizes the close relationship of the people with the river, its culture and the environment.
The Dutch pension fund, ABP, invested about two billion euros more in the fossil energy industry at the end of 2016 than the year before. This is announced by the report "Dirty & Dangerous: the fossil fuel investments of Dutch pension fund ABP," published today by Both ENDS, German urgewald and Fossielvrij NL. The report criticizes these investments because of the impact on the climate and the catastrophic consequences for the people in the areas where coal, oil and gas are being produced.
21 April 2017: Jakarta is sinking. Excessive groundwater extraction is causing the metropolis to sink by dozens of centimetres each year, making it more vulnerable to flooding. Dutch businesses have come up with a solution: an immense sea wall on the coast, which is also a stunning real estate project. But this intervention is just a pseudo-solution, say researchers from Both ENDS, Stichting Onderzoek Multinationale Ondernemingen (SOMO) and the Transnational Institute (TNI) today in a new report. Even worse, the project threatens the livelihoods of tens of thousands of people employed in local fisheries.
The pilot of Dare to Trust, facilitated by NTFP-EP, was implemented in two grassroots women’s organisations in the Philippines and Cambodia. The Dare to Trust project provided them with the independence to utilize the resources they have and thus handed to them the agency for more grounded and better judgment. By giving more liberty to the communities we are moving them away from bureaucratic processes and power structures, and towards more empowered decision making capabilities.
Pension funds have a lot of influence because of their enormous assets. Both ENDS therefore wants pension funds such as the Dutch ABP to withdraw their investments from the fossil industry and to invest sustainably instead.
