Tanzanian villagers pay for biofuel investment disaster
- Redeye
- 16 October 2012
The financial collapse of a project by UK-based Sun Biofuels shows how the development dream can quickly turn into a nightmare for local people.
The financial collapse of a project by UK-based Sun Biofuels shows how the development dream can quickly turn into a nightmare for local people.
"The project has been terminated due to the failure of T4M inability to fulfill their side of the agreement"
An Ethiopian farmer could sue the UK government after claiming a project that received funding from Britain led to the eviction from his farm and human rights abuses.
European crisis plus rising grain prices combine to make land attractive to Greek and Italian investors as well as City bankers
Britain is the world’s biggest centre for private land grabbers.
A senior government official in Serenje has urged the Zambia Development Agency to quicken the process of facilitating investment inflow in the 155,000-hectare Nansanga farm block in Central Province.
The £1.9bn pension fund of the UK’s Environment Agency is set to unveil a new investment strategy later this month, including plans to invest in farmland and forestry for the first time.
Academics and business figures gave a grim warning at the Resource 2012 conference, but defended the Rio+20 outcomes
UK pension funds are stepping up investments in commodity assets such as farms, timberland, mines and energy projects as they seek to diversify portfolios away from equities, an official at consultant Mercer said.
At an agriculture investment summit in London on Wednesday, leading U.S. and European pensions funds said few assets remained immune from whipsawing markets, prompting institutions to look at farmland.
Farmland is "an obvious no-brainer choice for most pension funds," according to Savills director of residential research Yolande Barnes.
International development and environment charities to protest against 'land grab' outside Agriculture Investment Summit