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In The News

May 11, 2021
China Dialogue
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.
May 3, 2021
The East African
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.
April 13, 2021
Climate Home News
Uganda and Tanzania have given political backing to the 1,445km East African Crude Oil Pipeline, but climate campaigners are deterring investment.
March 25, 2021
Yale Environment 360
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.
March 24, 2021
Climate Home News
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.
March 24, 2021
Earth Island Journal
The proposed East African Crude Oil Pipeline faces global opposition. Now, the pipeline’s financing faces uncertainty.
March 24, 2021
China Dialogue
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.
March 1, 2021
Mongabay
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.
February 12, 2021
Nasdaq
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
February 12, 2021
der Freitag
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.