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MEPs Call For Moratorium on Public Financing of Mining Projects
May 25th, 2011
BRUSSELS - In an open letter addressed to the European Union (EU) president, the EU presidency and the European commission, 50 MEPs from 4 different political parties (S&D, Greens, Gue/Nordic Left and ALDE) call for “a moratorium on EU public financing for mining projects until adequate standards and regulations are in place.”
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EU Development Funds Doing More Harm than Good: EIB Supports Company that Dodges Taxes in Zambia
April 14th, 2011
The EU must prove itself as a promoter of development, by ensuring that more funds flow from the North to the South rather than vice versa. The case of tax-dodging Zambian copper mining company Mopani, shows that money from the ‘EU bank’ – The European Investment Bank (EIB) – continues to find its way into tax havens. The EU likes to purvey itself as a benefactor for the developing world. It is the largest ODA donor and proponent of many policy documents underwriting its engagement to promote sustainable development in developing countries. However, partly due to a...
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