European MPs issue an interparliamentary statement on the “Finance in common summit”, calling on public development banks to stop "harmful investments", such as those in the oil palm plantation company Feronia in the DR Congo.
- European MPs
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10 November 2020
The Feronia case, and other development bank investment failures, shows that there is a need to overhaul development finance institutions practices and to consider whether it might be better to just shut them down entirely.
Feronia announces that it has entered into a definitive purchase agreement with Straight KKM 2 Ltd that provides for the acquisition of its operating subsidiary, Plantations et Huileries du Congo.
- Globe Newswire
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21 July 2020
Le RIAO-RDC est très préoccupé de la vente/transfert de la majorité des actifs de Feronia-PHC par la banque de développement de la Grande-Bretagne à une entité à l’Île de Maurice gérer par une société de capital-investissement.
The communities have already introduced traditional and artisanal palm oil harvesting and production systems for the abandoned areas.
Après l’annonce de l’abandon de certaines plantations, les communautés ont introduit des systèmes de récolte et de production de huile de palme artisanaux et traditionnels.
The debt-ridden oil palm plantations company operating in the DR Congo announces that it is pursuing a restructuring plan that includes a sales process and potential liquidation.
- Globe Newswire
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24 May 2020
Human Rights Watch found that DFID's CDC Group failed to ensure that the palm oil companies it finances in the DR Congo respects the basic rights of the people who work and live on or near its plantations.
DR Congo's largest plantation company announces resignation of its Executive Chairman, soon after departure of its CEO.
There are many Canadian connections to this story, including the agribusiness company Feronia, which now stands accused of complicity in the murder of an activist and the incarceration of five others in the DRC.
La organización ecologista Greenpeace África se unió al llamado para liberar a cinco líderes comunitarios, que comparecerán la próxima semana ante un tribunal, tras defender sus aldeas de las plantaciones de una empresa multinacional.
- Mi Punto de Vista
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17 February 2020
A letter has been sent to financier CDC Group PLC by a group of environmental NGOs demanding answers about investments in palm oil company Feronia Democratic Republic of Congo
- Leigh Day
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16 February 2020