Joint press release from Both ENDS and Fossielvrij NL - 26 March 2019
A group of 22 wealthy Dutch investors have decided to disinvest all their personal capital, worth a total of 200 million euros, from the top 200 oil, gas and coal companies. The investors have pledged to disinvest all their capital from the fossil industry within three to five years. By doing so, they are giving a clear signal that they do not want their capital to contribute to disastrous climate change.
Within the context of the upcoming G-20 summit in the United States, Both ENDS, SOMO, Tax Justice and Oxfam Novib wrote an open letter to Prime Minister Balkenende. On September 24-25 he will represent the Netherlands in meetings with nineteen world leaders and heads of international financial institutions about combating the global crisis.
In 1959, Germany and Pakistan signed the first Bilateral Investment Treaty (BIT) in the world. Without knowing, they marked a new era as many countries have followed their example since then. Currently, the international legal system that governs international investment flows consists of about 3000 BITs and other international investment agreements (IIAs). While originally these treaties were thought to be beneficial for the investor and the host state in terms of economic growth, increased foreign investment and development, many host states have suffered negative consequences instead of benefiting from them.
Both ENDS has, as a member of the RSPO, participated in a dialogue with the Ministry of Foreign Affairs. The Netherlands is the largest importer of palm oil in Europe and wants to promote sustainable trade and production chains.
The European Commission is about to take important decisions about Bilateral Investment Treaties (BITs). These agreements are designed to protect corporations that invest in a foreign (often developing) country. These international agreements are binding, but often undermine the social and environmental regulations that developing countries want to implement. On march 3, the European Parliament will vote on reforming these policies.
The decision of Minister for Climate and Energy Rob Jetten to withdraw from the Energy Charter Treaty (ECT) is good news for the energy transition in the Netherlands and beyond. Governments of countries that are party to this treaty can therefore shape the transition to sustainable energy without having to fear claims by Dutch-based businesses.
For Both ENDS, the year 2015 marked an ending and a new beginning. It was the last year of the Communities of Change and the Ecosystem Alliance. The Fair, Green and Global Alliance also came to a close in its current form at the end of 2015. But the end of these programmes certainly does not mean the work will stop; what has been built up in the past five years will be continued within the new partnerships with the Ministry of Foreign Affairs, which have already started in 2016.
Both ENDS will join the protest against trade treaties TTIP, CETA and TiSA on Saturday October 22nd in Amsterdam. These treaties will have negative impacts, not only in the Netherlands and Europe, but also - and maybe even more so - in developing countries.
These days, government leaders of the Eurozone meet again to discuss the Greek debt crisis. It is all or nothing; Greeceās future hangs by a thread. Greece cannot possibly meet its payment obligations, so the only way to help the country back on its feet is debt cancellation. Such is the view of a large number of organisations in Europe, including Both ENDS. Wiert Wiertsema of Both ENDS explains why.