News

In April 2021, the Dutch development bank FMO announced that it is no longer involved in the Barro Blanco project, a controversial dam in Panama. GENISA, the Panamanian company that built the dam, unexpectedly paid off the multi-million dollar loan early. The question is to what extent, now that the bank is no longer actively financing the project, FMO can still be held responsible for the damage and suffering that was caused when this was still the case.

Both ENDS, together with nine other parties has expressed their concern on the development of a new airport off the coast in Manila Bay, Philippines, where the Dutch company Royal Boskalis Westminster has been contracted for the land development. In a joint letter of concern, different organisations and stakeholders describe the alarming situation around this contested airport that will be built on newly reclaimed land.

The million-dollar loan that the Dutch development bank FMO provided to project developers of Honduran company DESA for the construction of the controversial Agua Zarca dam project in Honduras, may be related to gross corruption and malpractice. This is concluded in an article published today in the Dutch news paper Financieel Dagblad, based on information provided by COPINH, the indigenous organisation that has been opposing the construction of the dam for years. Several members of the organisation, including its leader Berta Cáceres, were murdered. DESA director David Castillo has recently been convicted of being involved in the assassination of Cáceres in 2016.

The government provides an average of 1.5 billion euros a year in export support for fossil projects by Dutch companies, in the form of insurance and guarantees. The climate crisis requires that the Netherlands and other countries stop providing export support for fossil energy projects, whether it be coal, oil or gas, before the end of this year.

At the beginning of this year, the Dutch government provided Dutch companies with export insurance worth 903 million euros to enable them to participate in a gigantic natural gas project in the north of Mozambique. Together with partners from Mozambique and the Netherlands, Both ENDS has been conducting a dialogue with export credit agency Atradius DSB and the responsible Ministries of Finance and Foreign Affairs on the possible financial, environmental and social risks of the gas project.

Civil society organisations send urgent letter on climate to financial sector

Amsterdam, 8 July 2021 – The Shell ruling has consequences for the financiers of major climate polluters. That is the message in a letter from a number of civil society organisations, including Oxfam Novib, Eerlijke Geldwijzer, Milieudefensie, Greenpeace and Both ENDS, to the biggest banks, pension funds and insurance companies in the Netherlands. In the letter, they call on the financial institutions to reduce CO2 emissions from loans and investments in line with the 1.5 degrees goal laid down in the Paris climate agreement.

The farmers in the Sertão do Araripe region in Pernambuco state are smart. The small-scale family farmers know that securing a sustainable livelihood on the rich but vulnerable soils of the Sertão is only possible if they take good care of the environment. That means sound agriculture, making the best of every drop of available water, diligent use of natural fertilisers and pest-control and fighting for laws and policies that stimulate conservation rather than exploitation. The organisation CAATINGA helps the farmers to face the challenging conditions.

South Africa is the home of rooibos, an ancient, health giving herbal infusion, discovered thousands of years ago by the KhoiSan, indigenous peoples of the Southern part of Africa. During the last century, rooibos has been increasingly commercialised, mainly by white South African farmers who produce it on a very large scale, causing environmental damage, soil erosion and loss of biodiversity. Fortunately, small-scale, environmentally sound and community-led rooibos cultivation initiatives also exist. Our long-standing South African partner Environmental Monitoring Group (EMG) has, for more than two decades, been involved in this type of rooibos cultivation with the communities in the Suid Bokkeveld, in the western part of South Africa. Although it was not always easy, Noel Oettle, senior advisor at EMG, thinks this way of producing is the future.

Today is World Desertification, Land Degradation and Drought Day. Such a day is more than needed to get attention for desertification, land degradation and drought that are threatening and hitting hundreds of millions of people in many regions throughout the world. While the causes - such as large-scale agriculture, use of pesticides, water extraction and climate change - are clear and need to be stopped, it is just as important to focus on solutions like restoration and sustainable land use.– in line with World Desertification, Land Degradation and  Drought Day's theme for this year: 'Restoration. Land. Recovery. We build back better with healthy land', we will therefore especially focus on inspiring solutions during the next few weeks.

In Manila Bay, a vulnerable coastal area next to the Philippine capital city, a new airport is being planned, with involvement of the Dutch water sector. Local civil society organisations raised their concerns about this airport, which has large impact on the lives of local residents and on the ecosystem.

FMO's new position statement on fossil fuel investments commits to ending new direct finance in the downstream and midstream coal and oil sectors, whilst still allowing for investments in gas-fired electricity generation under exceptional circumstances only. Both ENDS welcomes this development as a step in the right direction.

"Historical verdict", "unique decision", "landslide victory". Superlatives flew to our ears in the media yesterday, when it became clear that the judge ruled that Royal Dutch Shell must reduce its CO2 emissions by 45% by the year 2030. For the plaintiffs, including Both ENDS, the verdict is very hopeful, as it was for many co-plaintiffs and citizens interested in this court case.