Five years on from the bankruptcy of the Wall Street bank Lehman Brothers, Europe has done little to respond to the ensuing financial crisis, according to a statement from 40 civil society groups. Europe still lacks the solid regulation that could prevent another financial collapse, and the necessary measures to curb the influence of the financial lobby in Brussels.
Actors dressed as bankers were restrained with hazard tape today in a stunt calling on EU negotiators to strengthen rules intended to curb the destructive practice of food speculation.
The protest by Friends of the Earth Europe, alongside development organisations FairFin, Oxfam, SOS Faim, World Development Movement and CNCD, comes at the start of crucial negotiations on proposed EU financial reforms known as MiFID (Markets in Financial Instruments Directive).
Friends of the Earth groups from around the world are today calling on Shell to clean up its mess in the oil-rich and heavily polluted Niger Delta in Nigeria. The launch of an international petition targeting Shell comes exactly two years after a United Nations report exposed oil-giant Shell's systematic contamination of Ogoniland in Nigeria.
Little will be done to curb harmful food speculation today as EU finance ministers meet to approve their position on the new Markets in Financial Instruments Directive (MiFID II) – which sets new regulations for financial markets. According to a broad coalition of environmental and development organisations, loopholes in the legislation will render it ineffective to prevent food speculation, and the resulting food price spikes that hit the poorest the hardest.
European banks and pension funds continue to finance one of the largest and most destructive palm oil giants Wilmar International, according to new research released today by Friends of the Earth Europe . Well known banks including HSBC, BNP Paribas, Deutsche Bank and Rabobank offer financial assistance to Wilmar valuing over one billion euro, and European and American financial institutions own shares in the company worth €621 million .
Getting companies to report on their use of resources, like materials, water, land and carbon, as well as their impacts upon human rights, will help move Europe towards a resource efficient future that benefits people and planet. This was the message of a debate organised on Tuesday by the European Coalition for Corporate Justice (ECCJ) and Friends of the Earth Europe.
Food speculation by banks and financial institutions continues to contribute to rapid and unpredictable swings in food prices, which hit the most vulnerable hardest. Today, finance ministers have the opportunity to curb this destructive practice, as the council of economic and financial affairs discusses its position on the Markets in Financial Instruments Directive (MiFID) – which sets new regulations for financial markets.
Friends of the Earth Scotland today went to the Royal Bank of Scotland (RBS) AGM to ask the bank to disinvest in funding mountaintop removal for coal mining.
They posed as two 'bankers' with a replica mountain and symbolically ‘stuffed’ their faces with coal to feed their fossil fuel addiction.
Nigerian farmers whose farmland was polluted by oil spills have submitted an appeal to the court in The Hague, together with Friends of the Earth Netherlands, following a ruling in January that acquitted Shell of responsibility for some of the charges brought against them.
Samsung Electronics has admitted for the first time that it uses tin in its products that's destroying tropical forests, killing coral and wrecking the lives of communities in Indonesia, Friends of the Earth England, Wales and Northern Ireland reveals today.