The Asian Infrastructure Investment Bank wants to mobilize private capital to meet infrastructure needs. But by harnessing the capital markets, the bank is entering dangerous territory – and putting people and the environment at risk.
All is not well with the Total SE-sponsored East African Crude Oil Pipeline as, one by one, European lenders are walking away from requests to finance the $3.5 billion project, leaving it in financing blues barely three weeks after its launch.
A mine tailings dam planned for a seismically unstable area of Sumatra’s rainforest would be at high risk of failure, experts warn. The dam’s collapse would be a disaster, they say, releasing a wall of slurry that would engulf and bury Indigenous villages and their inhabitants.
Plans by Total to exploit and export Ugandan oil through a 1,443 kilometre pipeline traversing east Africa to the Tanzanian coast are hanging in the balance as investors are under growing pressure to move away from fossil fuels.
In the face of plans to build a potentially lethal tailings dam near their homes, villagers in North Sumatra are holding the international bank to its sustainability commitments.
National and international NGOs from around the world have asked more than two dozen banks not to finance a 1,445-kilometer (898-mile) pipeline to shuttle oil from fields in Uganda to a port on Tanzania’s coast. The groups contend that the project is already impinging on communities and exacerbating poverty in the region.
Rio Tinto Ltd RIO.AX, RIO.L said on Friday it has provided expertise to its Guinean partner to help settle a dispute with local communities over resettlement for a bauxite mine.
Guinean villagers in communities around the mine filed a complaint in 2019 with International Finance Corp, a global development institution linked to the World Bank, alleging contraventions by miner
Die Menschen aus Hamdallaye haben alles verloren. Ihre traditionellen Hütten aus Lehm, die Schatten spendenden Obstbäume und fruchtbaren Äcker wurden vernichtet. Sie wurden ihnen zugunsten der Bauxit-Mine Sangaredi der Compagnie des Bauxites Guinée (CBG) genommen.
