Both ENDS
Investment treaties must be inclusive, sustainable and fair. That means that they must not put the interests of companies before those of people and their living environment.
The Dutch pension fund, ABP, invested about two billion euros more in the fossil energy industry at the end of 2016 than the year before. This is announced by the report "Dirty & Dangerous: the fossil fuel investments of Dutch pension fund ABP," published today by Both ENDS, German urgewald and Fossielvrij NL. The report criticizes these investments because of the impact on the climate and the catastrophic consequences for the people in the areas where coal, oil and gas are being produced.
and Abigail Kyomuhendo*
This week the annual shareholder meeting (AGM) of TotalEnergies took place. Whilst the shareholders celebrated their profits, Ugandan people were being evicted from their lands, thousands of kilometers away, for Total's East African Crude Oil Pipeline (EACOP).
