Cambodia: ADB and Australia-financed railway project

News & Updates

Civil Society Organizations to the African Development Bank: Don’t fund EACOP

(March 23, 2020) - More than 100 civil society organizations have written to the President of the African Development Bank warning the bank against financing the East African Crude Oil Pipeline, which they call “an exceptionally high-risk project.” 

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Time to Raise the Bar: A New Briefing Paper on the Asian Infrastructure Investment Bank

(March 25, 2020) –This new release looks at the project portfolio of the Asian Infrastructure Investment Bank (AIIB) to provide a solid grounding for those engaging in public consultations on the review of the AIIB’s Environmental and Social Framework.

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Australia’s ANZ to compensate Cambodian families over land loss – Nikkei Asian Review

(February 28, 2020) – Bank admits due diligence "failings" in loan to sugar company that bulldozed villages. Australia's ANZ will compensate hundreds of families forcibly evicted by a Cambodian sugar plantation and refinery to which it loaned $40 million a decade ago. Experts say the settlement sets an important precedent for how other major banks deal with human rights issues

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ANZ Agrees to Landmark Settlement with Cambodian Farmers Displaced by Sugar Company It Financed

(February 27, 2020) – ANZ has agreed to provide a financial package to Cambodian families forcibly displaced by a sugar company the Australian bank loaned money to in 2011. The agreement, the first of its kind by a commercial bank,

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New Tools Help Communities Affected by AIIB Projects Defend Their Rights and the Environment

(February 7, 2020 ) –The Community Guide to the Asian Infrastructure Investment Bank equips communities and activists with information that can help them protect their rights when their lands, homes, livelihoods and environment are threatened by high-risk projects.

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East African oil pipeline would cause more emissions than Denmark | China Dialogue

(January 16, 2020) – Chinese lenders should pull out of the risky Uganda–Tanzania oil project and invest in renewables instead, argues Erik Myxter-lino. Since 2017, China National Offshore Oil Corporation (CNOOC) has been working with oil majors Total and Tullow to exploit untouched oil in western Uganda. Yet the project is stuck in limbo. The stoppage is a chance for lenders to re-think their commitment to a risky project that would push East Africa and the world closer to an environmental and climate disaster.

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