ANZ bank issued rare rebuke by Australian oversight body
ANZ Banking Group violated its own policies and international human rights standards by financing a Cambodian sugar company that seized land from local farmers, according to a statement released today by an Australian government body that monitors corporate behavior overseas. In a rare rebuke of a commercial bank, the Australian National Contact Point found it […]
Liberian communities harassed after calling on banks to halt $1.5 billion loan to Wilmar over land grabbing and human rights concerns
Commercial banks that were lining up to join a $1.5 billion syndicated loan for the palm oil giant Wilmar International are apparently reconsidering the deal due to concerns about land grabbing and other human rights abuses connected to the company’s investments in Liberia. Communities affected by the Maryland Oil Palm Plantation in southern Liberia have […]
Vietnam rubber firm reaches accord with Ratanakkiri ethnic villages, Phnom Penh Post
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Victims put pressure on ANZ over the loss of their land — The Age
Pheun Ra, 42, was visiting her mother in hospital when security guards from the ANZ bank-financed Phnom Penh Sugar Company arrived at her small plot of land in Cambodia’s south. Over several hours, the guards demolished her home as part of a land grab to make way for a new sugar plantation backed by one […]
Calling for Cases: Forced displacement and resettlement caused by World Bank projects
Every year around 15 million people are forcibly evicted from their homes, communities and lands to make way for development projects such as mines, oil and gas pipelines, urban renewal schemes, mega-dams, ports and transportation infrastructure. Direct impacts of these projects, including land speculation, changes in land use and environmental pollution, further escalate the number […]