20 January 2012

Together with the World Development Movement (WDM) and World Economy, Ecology and Development (WEED), Friends of the Earth Europe handed in a petition to the European Parliament's rapporteur on a crucial piece of legislation that could stop banks profiting from hunger, MEP Markus Ferber. More than 8000 people across Europe signed the petition, asking the Parliament to ensure the Markets in Financial Instruments Directive (MiFID) stops big financial players from gambling on food.

16 January 2012

"It's a casino, and in the end the only ones who win are the banks"

European banks and other financial institutions are investing billions into practices which fuel speculation in agricultural commodity markets. These include Deutsche Bank, Barclays, RBS, Allianz, BNP Paribas, AXA, HSBC, Generali, Allianz, Unicredit and Credit Agricole. Free speech radio's Liam Moriarty interviews Friends of the Earth Europe's Daniel Pentzlin on our latest report on the issue.

England, Wales and Northern Ireland, France, Germany, Italy, Netherlands, Spain
12 January 2012

Brussels, January 12, 2012 – European banks, pension funds and insurance companies are increasing global hunger and poverty by speculating on food prices and financing land grabs in poorer countries, according to a new report released today (January 12) by Friends of the Earth Europe [1].

17 November 2011

In a tongue-in-cheek reference to the famous wooden puppet and his very personal conception of truth, Friends of the Earth France awarded three Pinocchio awards denouncing 'greenwashing' by multinational corporations today. The awards were judged by internet voters and awarded to companies whose activities detriment social and environmental rights in countries in the Global South.

France
25 October 2011

A Commission plan about how the EU can make companies more accountable is a step towards ending the global damage European businesses cause people and planet, according to the European Coalition for Corporate Justice (ECCJ). However, the plans to improve corporate social responsibility (CSR), unveiled by the European Commission today in the CSR Communication, miss the opportunity to make real progress that would help victims of EU-based companies find justice and hold companies accountable for their impacts.

20 October 2011

New rules proposed today by the European Commission will shed light on betting on food commodities by financial traders, but will not do enough to prevent speculation from fuelling high and volatile food prices. The warning comes from environment and development groups in a joint reaction to the new draft Markets in Financial Instruments Directive (MiFID II) and accompanying regulation.

18 July 2011

Brussels, July 18, 2011– The European Commission is expected to release the names of seven voluntary certification schemes tomorrow, approved to certify biofuels according to the 'sustainability criteria' set out in the Renewable Energy Directive. This follows a lawsuit filed by environmental law organisation ClientEarth, Friends of the Earth Europe (FOEE), FERN and Corporate Europe Observatory (CEO) against the Commission's refusal to provide access to information regarding the approval of such schemes.

14 July 2011

Over 70,000 citizens' signatures and the supporting pledge of 140 policy makers were handed over to Commissioner for Trade and Enterprise, Antonio Tajani, marking the climax of the 'Rights for People, Rules for Business' Campaign in 2011. European Coalition for Corporate Justice (ECCJ) Board Members Paul de Clerck, Antonio Manganella and Filip Gregor joined Amnesty International Europe representative Nele Meyer to meet with Commissioner Tajani, and discuss the Corporate Social Responsibility (CSR) Communication before its release the following autumn.

12 July 2011

Brussels, 12 July – More than 73,000 EU citizens and 140 elected representatives and MEPs have signed a petition, to be delivered to the European Commissioner for Enterprise and Industry, vice president Antonio Tajani today, calling on the Commission to hold companies operating in the EU legally accountable for any harm they cause to people and the environment around the world [1].

5 July 2011

Members of the European Parliament voted today on the European Markets Infrastructure Regulation (EMIR), the first ever legislative proposal put forward by the European Commission to regulate 'Over-The-Counter' (OTC) derivatives markets. NGOs welcome the agreed text as a first step to tackle excessive speculation in agriculture commodities by providing for transparency in completely opaque trillion Euro trade fuelling food price volatility and endangering the food security of millions in developing countries.

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