Polluting investments not in our name

Ecumenics without churchs by www.quaccheri.it

20.11.2020-The Ecologist

Polluting investments not in our name
(Image by wikipedia.org/Attribution-ShareAlike 3.0 Unported (CC BY-SA 3.0))

Daniel Willis

Parliamentarians and NGOs across Europe have signed joint statements calling for public development banks to respect human rights and stop funding fossil fuels.

Last week saw the first ever international meeting of public finance institutions, dubbed the Finance in Common Summit, as development banks from around the world sought to agree on joint responses to the climate emergency and Covid-19 pandemic.

However, an international group of civil society organisations and parliamentarians have issued two joint statements that are highly critical of these financial institutions, arguing that they exacerbate climate change and inequality, whilst also undermining human rights.

Both statements draw attention to the case of Feronia Inc, a Canadian company that operates several palm oil plantations across DR Congo (asThe Ecologisthasreported on previously).

Commitments

Feronia, which has received approximately $80 million from…

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