US Oil Concern Anadarko Petroleum: Record level Compensation Payment

The US oil company Anadarko Petroleum has agreed to pay a record 5.15 Billion Dollars (3.75 Billion Euros) in response to severe environmental damage resulting from its operations. The US government originally set the compensation at 20 Billion Dollars, due to its concern over the Anadarko subsidiary Kerr-McGee. In the last 85 years 2,700 US American territories have been contaminated with chemicals, including the contamination of Lake Mead by rocket fuels, the storage of radioactive waste in Native American territories and the contamination of other areas with carcinogenic substances, as reported by ‘20 min’.   ... →

The Norwegian Pension Fund strikes again

The Government Pension Fund of Norway’s blacklist has been expanded to include 5 additional companies due to ethical concerns. The exclusion of WTK Holdings Berhad, Ta Ann Holdings Berhad, Zijin Mining Group and Volcan Compañia Minera from the investment universe was justified by referring to environmental damages. Zuari Agro Chemicals Ltd. is accused of contributing to the worst forms of child labor.   ... →

Aboriginal groups vs. Gahcho mine

Three aboriginal groups called on the Canadian federal government to decline the current plan and order further review on the Gahcho Kue mine project, a joint venture of De Beers and Mountain Province Diamond Inc. Even though the project passed its environmental review last month, the local governments of Lutsel K’e Dene, Yelloknives Dene and Tlicho reject the company’s plan to reduce environmental impacts as insufficient.   ... →

Barrick Gold admits violations against environmental regulations

Barrick Gold admitted that its actions were not in line with environmental regulations of the controversial Pascua Lama project. The project is concerned with building gold and silver mines. Last month, a Chilean court ruled to stop building activities until Barrick creates the infrastructure to prevent the contamination of water supply. Barrick now officially agreed with the court’s decision and promised to apply all regulations correctly.   ... →

KfW finances climate-damaging coal-burning power plant

On Friday, protest actions against the KfW’s controversial policy towards coal-burning power plants took place in front of KfW offices in Frankfurt, South Africa and Serbia. The klima-allianz Germany mainly criticized a project in Greece, where KfW is planning to support the realization of Ptolemaida-V by issuing a credit. In addition to the danger such a power-plant would pose to health and climate, the profitability of the plant is doubtful.   ... →

Vale S.A.: Forced resettlement of the iron foundry´s neighbours

Environmental and health damages in Brazil

The 380 Families, who are living next to Vale´s iron foundry in Piquià de Baixo in the North-Brazilian state of Maranhão, are more and more often forced to resettle to other places. Indeed, over the past 25 years, five factories have been erected next to the village.Their pollution und environmental damages leave the inhabitants with no option but to abandon their homes.   ... →