Samsung Electronics – Climate Change

 Greenpeace-Aktivisten protestieren gegen den Klimawandel  | Bild (Ausschnitt): © Tim Aubry [CC BY-SA 3.0] - https://en.wikipedia.org/w/index.php?title=File:Too_big_to_fail_Greenpeace_banner_Phil_Radford.jpg

The latest Greenpeace report published January 2018 exposes Samsung Electronics’ overreliance on fossil fuels. Reports show that Samsung used more than 16,000GW/h of energy in 2016 alone, of which only 1% was sourced from renewables.((https://www.greenpeace.de/sites/www.greenpeace.de/files/publications/20171017-factsheet-greenpeace-green-it-guide.pdf)) This lags far behind other global IT companies, among Apple Inc., which have already committed to 100% renewables by 2020. In effect, this is controversial to Samsung’s claim “Do Bigger Things” as the company “lacks action to mitigate the effects its massive production has on the environment,” said Jude Lee, Senior IT Campaigner at Greenpeace East Asia.   ... →

Syndicate of banks, including European banks, signs agreement with Norilsk Nickel for 2,5 Billion over five years.

Norilsk Nickel, as reported in our previous Dirty Profits 5 report , has had serious concerns in relation to environmental pollution and health problems for the local population. In 2009, the Norwegian Government Pension Fund excluded Norilsk Nickel due to severe environmental degradation at the company’s Polar Division and in particular surrounding the City of Norilsk.   ... →

Trumps Business with Deutsche Bank being investigated by FBI

 Trump im Gespräch mit Putin während dem G20-Gipfel 2017 in Hamburg  | Bild (Ausschnitt): © Website of the Russian President [CC BY 4.0] - Kremlin.ru

Investigations by the FBI into the alleged Russian manipulations of the 2016 US presidential elections are now including the Deutsche Bank. There is a suspicion that the bank’s loans to the US President have ties to the Russian government. According to a report by the Handelsblatt, FBI special investigator Mueller has applied for a subpoena, compelling the release of material.   ... →

Raid on Commerzbank headquarters for suspected tax evasion

 Commerzbank-Zentrale in Frankfurt am Main | Bild (Ausschnitt): © David Schiersner [CC BY 2.0] - flickr

As reported by n-tv and Handelsblatt the attorney general of Frankfurt authorised raids on offices in the Commerzbank headquarters as well as 3 private houses of accused individuals in the second week of November. The raid was based on the suspicion that Commerzbank evaded taxes by Cum-Ex trading in the past.

The attorney general claims investigations showed multi-billion Euro deals closed between 2006 and 2010 which evaded taxes of about 40 million Euros.   ... →

Tahoe Resources: Licence Suspended for Escobal Mine, Guatemala, for failure to consult indigenous communities. HSBC and other banks continue to provide funds despite clear violation of international norms and standards by the company.

In February 2017, the Dirty Profits report documented numerous violations by Tahoe Resource Inc at their Escobal mine in Guatemala. Including evidence that since Tahoe Resources acquired the Escobal silver project in southeastern Guatemala in 2010, it has given rise to local opposition, as well as systematic repression, violence and criminalization against community members concerned about the human and environmental impacts of mining.   ... →