German Bank Won’t Lend to CO2 Project, CDM Watch Says
By Mathew Carr - Apr 18, 2011 12:24 PM CT
DEG Deutsche Investitions- und Entwicklungsgesellschaft mbH, a German development bank, won’t pay out on a loan to the owner of an emissions-cutting project in Honduras, said CDM Watch, the Bonn-based environmental lobby.
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Last week, the Aguan biogas project in Central America said it was evaluating Electricite de France SA’s termination of a contract to buy carbon credits. EDF terminated its involvement after CDM Watch alleged the facility’s owner committed human rights abuses. The project is owned by Exportadora del Atlantico, a unit of Grupo Dinant.
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CDM Watch said in a February report that Grupo Dinant may not hold legal claims to the land and may be linked to killings of members of the Unified Peasant Movement and the Peasant Movement of the Lower Aguan Valley. Twenty-three peasants were killed in the Bajo Aguan region from January last year to February 2011, CDM Watch said today, citing a report by international human rights groups led by FIAN, the FoodFirst Information and Action Network, a Heidelberg, Germany-based group that identifies abuse.
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“The allegations are deplorable,” said David Abbass, a CDM spokesman in Bonn. “If human life has been taken, or human rights violated in any other way, it is a flagrant violation of the most fundamental principles of the United Nations,” he said today in an e-mailed response to questions.
http://www.bloomberg.com/news/2011-04-18/german-bank-won-t-lend-to-honduran-co2-project-cdm-watch-says.html