Amsterdam and Kampala, January 12, 2023: Just Finance International takes note of TotalEnergies’ response to our investigative piece, “Risk of poverty after land acquisitions for Uganda’s mega oil pipeline”, published on the Business and Human Rights Centre website. Contrary to TotalEnergies’ claims, before publishing our piece, Just Finance International reached out twice to the EACOP… Continue reading Just Finance International and Environment Governance Institute Reject TotalEnergies’s Failed Due Diligence Practices in Uganda’s Oil Pipeline
The construction of the world’s longest heated crude oil pipeline between Uganda’s Lake Albert and the shoreline of Tanzania is threatening the livelihoods of hundreds of families. The companies responsible for the 1,443km pipeline, including China’s CNOOC and France’s TotalEnergies, are accused of providing inadequate compensation to displaced families, increasing the vulnerability of elderly and… Continue reading Risk of poverty after land acquisitions for Uganda’s mega oil pipeline
Just Finance International signed a letter to European decision makers asking them to cease any deals to expand gas production and infrastructure in Africa, reaffirm the COP26 Glasgow Statement to halt investment in new gas and oil, and apply it to projects not yet developed. Read the letter here
Mandalika, Indonesia, 25 October 2022: Ahead of this week’s Asian Infrastructure Investment Bank (AIIB) annual meeting (26-27 October), the Indonesian Coalition for Monitoring Infrastructure Development has published a statement exposing the evictions and intimidation carried out against Indigenous Sasak people on the Indonesian island of Lombok, as a result of the AIIB-funded Mandalika Urban and… Continue reading Ahead of AIIB Annual Meeting, Indonesian Civil Society Demands Bank Ends Reprisals & Intimidation of Indigenous Communities in Mandalika
Just Finance International is calling on the Chinese authorities to honor President Xi’s September 2021 pledge to ‘not build new coal-fired power projects abroad’, by immediately exiting the Tuzla 7 project”
Just Finance International welcomes the July 14th announcement by the Federation of Bosnia and Herzegovina (FBIH) government that it will reject a proposal for an alternative Chinese subcontractor for the proposed Tuzla 7 coal fired power plant, and calls on the Federation of BiH Parliament to choose to ditch the plant’s construction.
The future of the planned 450 MW Tuzla 7 lignite plant in Bosnia and Herzegovina is again in doubt after the country’s State Aid Council revoked its decision to approve a public guarantee for a EUR 614 million loan from China Eximbank last week, four years after the Council’s initial clearance. 5 July 2022 The… Continue reading Bosnia’s planned Tuzla 7 lignite plant on the rocks after state aid U-turn
Another important issue with regard to the war on Ukraine: the World Bank Group’s finance involving Russia and Belarus. We support the efforts of CEE Bankwatch, Ukrainian NGO Ecoaction and Urgewald’s joint letter to WB Executive Directors, urging them to stop equity investments, trade finance and guarantees involving entities linked to Russia and Belarus.
Download briefing as pdf here March 2022 China’s pledge to stop building new coal-fired power plants abroad, announced during the UN General Assembly in September 2021 – and reiterated during a EU-China dialogue on climate in October 2021 – was met with enthusiasm. Yet, half a year later, little is known about the extent of… Continue reading China’s 2021 “international coal-exit’’ pledge: a transparency problem
March 10, 2022 Paris, March 10th, 2022 – A month after the European Commission approved the inclusion of fossil gas and nuclear energy into the EU taxonomy, 92 NGOs and CSOs call on financial institutions to reject this greenwashing attempt by excluding both energies from their “sustainable” or “green” funds and bonds. This open letter… Continue reading 92 civil society organizations call on financial institutions to avoid taxonomy-aligned greenwashing