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Tobacco producers excluded from Pension Fund |
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Thursday, 28 January 2010 |
 The Norwegian Ministry of Finance has decided to exclude 17 companies that produce tobacco from the Government Pension Fund Global (GPFG). The divestment of shares in these companies has already been completed. Earlier, the Pension Fund put companies seriously poluting the environment, violating human rights or producing inhumane weaponry on its 'black list'.
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Thursday, 21 January 2010 |
 Many people have participated in Bank Secrets, an on-line action of Netwerk Vlaanderen. Thank you for this! With your support we have been able to campaign against harmful bank investments. Which has not been without consequences. A short update.
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Credit Suisse fined 536mln dollar for Burma ties |
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Tuesday, 22 December 2009 |
 Credit Suisse has been fined 536 million dollar after being found guilty of violating US sanctions through years of undetected transactions with so-called “rogue” regimes, such as Burma. US prosecutors alleged that Switzerland’s largest bank had carried out thousands of secret transactions with Iran, Sudan, Libya, and Cuba, as well as Burma. These were done through US banks to avoid detection. |
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'Sustainable Finance' undermines food security of Lao communities |
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Tuesday, 17 November 2009 |
 The Theun-Hinboun Expansion Project - a dam and water diversion project now under construction in Central Laos - poses a threat to the livelihoods and food security of local communities living in the project area. The project also violates Lao national law and the Equator Principles, according to a new report and video released today by International Rivers; BankTrack, FIVAS, Les Amis de la Terre; and Justice and International Mission Unit, Uniting Church in Australia. |
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Bankers in power in European Commission |
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Tuesday, 10 November 2009 |
 More than 80% of the non-governmental 'experts' advising the EU Commission on financial market regulation, represent big banks and investment funds. Thus can be read in a new report by ALTER-EU. “A disaster for democracy,” says MEP Poul Nyrup Rasmussen. |
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ActionAid is changing banks after cluster munitions report |
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Friday, 06 November 2009 |
 ActionAid International is planning to withdraw its business from HSBC after having read the Netwerk Vlaanderen report. ActionAid International’s head of finance Richard Callaghan said: “HSBC is highlighted as they were the advisers on recent debt and equity raising exercises and appear to have earned commission from underwriting. I am very concerned by this and ActionAid are looking to remove all business from HSBC asap.” |
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