On Friday the 25th of January, a tailings dam at the Córrego de Feijão mine in Brumadinho, Brazil suffered a cave-in, resulting in a toxic landslide causing more than 99 casualties, with still 259 missing. The mudslide engulfed a nearby canteen in which workers of the mine had been eating lunch before progressing to nearby houses. ... →
The Belo Monte dam project is widely criticized for its possibly devastating effects on the environment, for endangering the livelihood of 40.000 people displacment of these people. Up to this point, it was widely believed that the project was mainly pushed forward by the Brazilian government. A report now revealed that foreign, including european companies and financial institutions indirectly own 10 percent of the project. ... →
Polish news website NaTemat.pl conducted an extensive interview with Daniel Ribeiro. Daniel explains in an interview how the multinational corporations use weakness of the developing countries. Moreover Daniel speaks about ineffective voluntary practices in the area of human rights and what impact financial institutions have on developing countries.
According to the “Friends of the Earth Europe” report, European banks, investment funds and insurance companies are speculating with food prices and are sponsoring the purchase of land in developing countries. The report examines the activities of 29 European banks, investment funds and insurance companies such as Deutsche Bank, RBS, Allianz, BNP Paribas, AXA, HSBC, Generali, UniCredit and Credit Agricole. ... →