world bank
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Commenting on the G20 communique,
Greenpeace executive director John
Sauven said:
"Tacking climate change on to the
end of the communique as an after thought does not demonstrate anything like the
seriousness we needed to see. Hundreds of billions were found for the IMF and
World Bank, but for making the transition to a green economy there is no money
on the table, just vague aspirations, talks about talks and agreements to
agree."
Last edited 11 December 2007 at 3:15pm
Responding to the news that the UK government is set to commit £15m to a World Bank scheme which aims to reduce tropical deforestation, John Sauven, executive director of Greenpeace UK said:
"It would be unthinkable for the next phase of the Kyoto protocol not to address tropical deforestation, which is one of the biggest drivers of climate change. But world leaders can't use this as an excuse to avoid slashing emissions in their own countries - we urgently need to do both.
Posted by jamie — 10 December 2007 at 6:20pm
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There have
been some great developments around our Congo rainforest campaign, as the FT
reported on its website this morning that one of the arms of the World Bank
will offload the shares it owns in a company known to be destroying the forest of
the Democratic Republic of Congo (DRC).
The
International Finance Corporation (IFC) has announced that it will divest its
holdings in Olam International, a Singapore-based company which has operations
in the DRC. The Congo report we released earlier this year showed how Olam was
holding forest land granted in breach of the current moratorium which the World
Bank itself helped establish and that it was also trading in dodgy timber. As a
result, Olam has since given back its forest holdings to the DRC government, but
it still buys illegal timber cut by local companies.
Last edited 29 August 2007 at 3:40pm
The World Bank's International Finance Corporation (IFC) is financing a Singapore-based trading group, Olam International Ltd, which has been involved in trading illegal timber in the rainforest of the Democratic Republic of Congo (DRC). The world's 'local bank', HSBC, is also providing financial services to the company, in breach of its environmental policy. Olam is today expected to report much improved profits in its half yearly financial results.
Posted by jamie — 29 August 2007 at 2:53pm
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Back in April, at the World Bank's spring meeting, there was much talk about the plight of the Congo rainforest. We'd just published a big report detailing how in the Democratic Republic of Congo (DRC) logging titles were being granted in breach of a moratorium that the bank had been instrumental in establishing. The report launch was so high profile, we were able to force DRC's rainforest high onto the agenda of the World Bank meeting and have also managed to secure another session at the upcoming autumn meeting.
Posted by jamie — 6 July 2007 at 3:16pm
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Right now, a group of Greenpeace climbers are perched on top of a set of cranes in the port of La Rochelle on the French Atlantic coast. They've been there since Wednesday night and as well as admiring a no-doubt magnificent view, they're also preventing a ship unloading its cargo of timber which has come from the Democratic Republic of Congo (DRC).
