Tag: <span>Finance</span>

Chinese State-owned SDIC quietly proceeds with extermination of Tapanuli Orangutans

SDIC has marketed its environmental credentials but has invested in controversial Batang Toru hydropower plant in Sumatra Oliver Telling in Singapore, Financial Times. JUNE 18 2022 A Chinese state-owned company that trumpeted its green credentials when listing on the London Stock Exchange has quietly acquired a development in Indonesia that scientists …

World Heritage as a “No Go” Zone for Investment in Industry and Infrastructure

Dams threatening Lake Baikal and five other iconic areas are featured in a new report by Friends of the Earth US “World Heritage Forever? How Banks Can Protect the World’s Most Iconic Cultural and Natural Sites”. The report is examining how the international banking sector lacks strong policies and practices …

European Green Climate Finance Taxonomy: River fragmentation should not be funded by the EU money!

The Rivers without Boundaries International Coalition provided recommendations “On Hydropower and Infrastructure for Water Transport Impacts on Freshwater Bodies, Ecosystems and Species” as its submission on Draft Delegated Act (DA) on Sustainable-finance and EU classification-system-for-green-investments. The text of draft DA dilutes and weakens recommendations made to European commission by special …

Next Dam(n) Lesson for the World Bank: People Saved the Bisri Valley in Lebanon

The World Bank said it had canceled $244 million in undisbursed funds for the Bisri Dam project in Lebanon. In a statement, the World Bank said it had notified the Lebanese government about its decision, which takes effect immediately. It said it has also repeatedly underscored the need for “an …

Green Cure for BRI after COVID-19

Global Civil Society Call on Chinese Authorities to Ensure that COVID-19 Financial Relief is Not Targeted to Harmful Projects along the Belt and Road. On April 29, 2020, the Rivers without Boundaries along with other 260 civil society groups across the world called on the Chinese government to ensure that …

The end of the misguided Amazar pulp mill project?

As the RwB is still cautiously calculating what else could be done by owners and officials in futile attempts to revive hopeless project, many allies have published epitaphs on Amazar Pulp Mill. Famous former Mayor of Mogocha District and now democratic activist Dmitry Pliukhin, who invited the RwB to assess …