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The Carbon Principles: Reliable guidelines? |
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Tuesday, 13 May 2008 |
 Energy companies in the US are currently considering the expansion of electricity generation from coal, as an alternative to dependence on foreign oil supplies. However, three large players on the US financial markets, namely Citigroup, JP Morgan and Morgan Stanley are no longer so eager to invest in coal-fired power stations. They expect the US to take measures against the pollution caused by this form of electricty generation, which will lead to a considerable increase in the price. The banks have formulated the Carbon Principles as a set of guidelines that will help advisors and financiers to evaluate the climate risks associated with decisions on the financing of electricity generation. |
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Tuesday, 11 December 2007 |
New report reveals alarming investment practices by financial groupsToday, the financial watchdog Netwerk Vlaanderen launches the report ‘Bank Secrets’. The dossier details the investments by 12 financial groups in companies violating fundamental human rights. The investors channel money to 13 companies selling weapons to dictators, denying people access to land and clean water, co-operating with armed rebel groups and being involved in forced relocations and heavy and irreversible pollution. |
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Wednesday, 09 January 2008 |
BankTrack rates credit policies of 45 banks. The banking sector is showing progress in developing credit policies that deal with the social, environmental and human rights aspects of their operations, but this progress is slow and unequal, with some banks leading the way and many lagging far behind. Moreover, there continues to be a worrying gap between adopting stringent policies on the one hand and implementing them in day to day investment decisions on the other. This is the conclusion of 'Mind the Gap', a new report and web section launched by BankTrack, the international NGO network monitoring the financial sector. Netwerk Vlaanderen is a member of BankTrack. |
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New advocacy tool to stop investments in landmines and cluster munitions |
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Friday, 16 November 2007 |
 On the 1st of March 2007, the Belgian Parliament approved a law forbidding investments in anti personnel mines and cluster munitions. Since then Belgium is the first country to prevent the flow of money to producers of antipersonnel mines and cluster munitions. In a Question & Answers briefing paper ( Q&A.pdf) Netwerk Vlaanderen explains the content and importance of this Belgian law. |
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Action at Bank of New York to oppose investment in Uranium Weapons |
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Monday, 05 November 2007 |
 Activists wearing tuxedos and ball gowns distributed “radioactive” food and drinks to the staff of the bank, while musicians played classical music. The action was organised to highlight the consequences of the bank’s investment in the US arms companies ATK, GenCorp, and General Dynamics. These companies are three major producers of uranium weapons, which contain radioactive and chemically toxic depleted uranium. Download ReportView Pictures |
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AXA disinvests (partly) from landmines and cluster munitions |
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Wednesday, 18 July 2007 |
 In a press release of July 2006, AXA announes to pull out investments of companies that produce anti-personnel mines and cluster munitions. This is surprising good news from the Paris headquarters of this bank-insurance company. For last years AXA has shown heavy reluctance to adopt stricter weapon investment policies. |
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