Will UN-rapporteur Anaya investigate Barro Blanco dam in Panama?
And will James Amaya, the UN Special Rapporteur on the rights of indigenous peoples, ask the Panama government to halt the construction of the disastrous dam for the time being? This is what Both ENDS calls for in a letter to mr. Anaya, together with 12 civil society organizations, including four from Panama. It’s urgent because the Barro Blanco Dam, planned in the Tabasará river, is destructive to the Ngäbe indians.
House and heritage end up under water
The Ngäbe Indians living around the river will be threatened in their existence by the dam. The danger is that some of their homes and their religious, cultural and historical sites will disappear under water. The flowing river will turn into a stagnantl lake, with serious consequences for food production and landscape. The environment and biodiversity around the river will be radically impoverished.
Were the Ngäbe informed and asked for their consent on this project? Well no, although this is required under international law. It is a mystery how the environmental impact study of this project ever got approved. One of the Panamanian organizations (CIAM) initiated a lawsuit to fight it.
This project resorts under CDM, the Clean Development Mechanism. Established by the UN, this mechanism is designed to allow developed countries to finance large climate friendly projects in developing countries at the lowest costs possible. That is supposed to be cheaper than having developed countries reduce their own CO2-emissions. But the Barro Blanco dam constitutes serious violations of rights of indigenous people. And because of that Both ENDS and 12 other organizations have the opinion that such a project should not be part of CDM.
Both ENDS has been conferring for a long time with the FMO, the Dutch development bank, that invested 25 million dollar in this project. FMO has not shown much interest in the problems of Barro Blanco. FMO has seems to have one hundred procent confidence in the Round Table process that is going on in Panama. But while the talks drag along the construction continues. We hope that interference of James Anaya will lead to clear agreements with the Ngäbe indians, before the dam suddenly appears. What if James Anaya gets serious about the rights of the Ngäbe? Wouldn’t the FMO be embarrassed by that?
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The Barro Blanco dam project in Panama, which has Dutch financial support, is causing indigenous lands to disappear under water. Both ENDS is working to protect the rights of indigenous communities living near the dam.
Despite the existence of many hydropower dams, foreign investments and large government spending on energy, and new plans for hydropower, oil and gas projects, the vast majority of rural Uganda still remains without electricity. Together with our local partners we are striving towards a sustainable energy strategy for Uganda that starts from the needs and wishes of local communities.
News / 10 June 2022
In a new Position Statement on Financial Intermediary (FI) Lending, Dutch development bank FMO argues for limited responsibility over the outcomes investments that are channeled through commercial banks, investment funds, and other financial intermediaries, representing by far the bigger sector of its portfolio. In doing so, FMO is undermining its development mission, including the protection of human rights and addressing the climate crisis. FMO intends to delegate these key responsibilities to its FI clients only, falling short of best practices of peer financial institutions. In a joint submission prepared by Both ENDS, Oxfam Novib, Recourse and SOMO, we argue that FMO can do much more to ensure the protection of human rights, the environment, and to measure the development impact of its indirect investments.
Letter / 10 June 2022
Both ENDS, SOMO, Oxfam Novib and Recourse send in a submission to FMO's public consultation on its Position Statement on Financial Intermediaries. In this position statement, FMO only takes limited responsibility for the consequences of its investments through so-called financial intermediaries. We call upon FMO to publish a position statement that focuses on protecting human rights and the environment and take full responsibility for this.
Press release / 19 May 2022
122 CSOs warn signatory countries they have only six months left to meet COP26 commitment to end international public finance for all fossil fuels
Today, 122 civil society groups are releasing letters to eleven government signatories to the Glasgow Statement on International Public Support for the Clean Energy Transition, laying out the actions they must take as soon as possible to meet their commitment. In this joint statement at COP26, 35 countries and 5 public finance institutions committed to end their international public finance for 'unabated' fossil fuels by the end of 2022, and instead prioritise their "support fully towards the clean energy transition."
News / 23 December 2021
2022 is the year for FMO to make good on its promises and provide financial support only to sustainable development
2021 was a turbulent year for Dutch development bank FMO, to say the least. The bank has been under fire for many years for investments linked to human rights violations and suspected corruption. But in the past year, the Dutch press and media have reported on one new development after the other in ongoing cases involving FMO. Below we give a short summary of these cases and call on FMO to make the promised improvements in 2022.
News / 8 November 2021
Both ENDS and SOMO condemn violence against Indigenous community near the Barro Blanco dam in Panama
Members of the Indigenous Ngäbe Buglé people were brutally attacked by Panamanian police on Friday 29 October 2021 from a parcel of private land near the FMO-financed Barro Blanco hydroelectric dam. The victims, all members of the anti-dam movement M22, had peacefully occupied the land after their protest camp got dismantled in July this year.
Publication / 2 November 2021
News / 27 July 2021
In April 2021, the Dutch development bank FMO announced that it is no longer involved in the Barro Blanco project, a controversial dam in Panama. GENISA, the Panamanian company that built the dam, unexpectedly paid off the multi-million dollar loan early. The question is to what extent, now that the bank is no longer actively financing the project, FMO can still be held responsible for the damage and suffering that was caused when this was still the case.
News / 23 July 2021
The million-dollar loan that the Dutch development bank FMO provided to project developers of Honduran company DESA for the construction of the controversial Agua Zarca dam project in Honduras, may be related to gross corruption and malpractice. This is concluded in an article published today in the Dutch news paper Financieel Dagblad, based on information provided by COPINH, the indigenous organisation that has been opposing the construction of the dam for years. Several members of the organisation, including its leader Berta Cáceres, were murdered. DESA director David Castillo has recently been convicted of being involved in the assassination of Cáceres in 2016.
News / 4 June 2021
FMO's new position statement on fossil fuel investments commits to ending new direct finance in the downstream and midstream coal and oil sectors, whilst still allowing for investments in gas-fired electricity generation under exceptional circumstances only. Both ENDS welcomes this development as a step in the right direction.
Publication / 22 April 2021
News / 2 March 2021
Today it is 5 years ago that Berta Cáceres was shot in haar home in La Esperanza, Honduras, for defending the rights of indigenous people. The leader of indigenous organisation COPINH resisted the Agua-Zarca hydropower dam that was planned to be build in indigenous territory. The actual murderers have been convicted, but not so the intellectual authors of the murders.
Press release / 10 February 2021
The Dutch development bank FMO is not sufficiently transparent about the projects it finances and is therefore acting contrary to its mandate. This is evident from a new report published by the International Accountability Project (IAP) and the Foundation for the Development of Sustainable Policies (FUNDEPS), endorsed by 28 organizations including Both ENDS, SOMO, and Oxfam Novib. The research assesses FMO's disclosure and access to information practices for investments proposed between January 1, 2019, and May 31, 2020. Only in 25% of the cases was it disclosed what potential negative consequences an investment by FMO would have for people and the environment.
Publication / 26 November 2020
Publication / 11 November 2020
News / 10 November 2020
The Dutch development bank FMO has published a statement about fossil fuels to take steps in climate action. Both ENDS and partners are pleased that FMO is finally taking a stand regarding fossil fuels, but in our opinion it could be more ambitious. In order to really contribute to sustainability and equality, it is essential that development banks stop investing in harmful fossil projects.
Letter / 9 November 2020
Both ENDS and partners gave their input on FMO's public consultation on Climate Action Commitments and Fossil Fuel Statement. Both ENDS and partners are pleased that FMO is finally taking a stand regarding fossil fuels, but in our opinion it could be more ambitious.
News / 10 July 2020
Dutch development bank FMO is considering investing in the controversial Ficohsa bank in Honduras. The bank has close ties with the elite in Honduras, which holds considerable power in politics, the (para)military and the business community. Last Wednesday, a number of Honduran organisations, including the indigenous organisation COPINH – whose leader Berta Cáceres was murdered in 2016 – sent a letter to the FMO management. The letter, signed by forty organisations including Both ENDS, calls on FMO not to do business with this bank.
Letter / 7 July 2020
A number of Honduran organisations sent a letter to the FMO management to call on FMO not to do business with Honduran bank FICOHSA. The bank has close ties with the elite in Honduras, which holds considerable power in politics, the (para)military and the business community.