EcoPlanet Bamboo runs bamboo plantations in Nicaragua, South Africa and Ghana. A UK company called EcoPlanet Bamboo (UK) Ltd sold “bamboo bonds” with a promise of “a 500% return on investment over a 15 year period” on an investment of US$50,000. But in December 2015, EcoPlanet Bamboo wrote to bondholders to tell them that their investment was not doing particularly well.
In early November 2015, the Board of the Green Climate Fund (GCF) met in Livingston, Zambia. During the meeting it approved US$168 million funding for eight projects. One of these projects aims to deforestation in wetlands on largely indigenous peoples’ territories in the province of Datem del Marañón in Peru.
Green Resources is a Norwegian company with plantations in Africa. According to the company, its plantation operations follow, “high international practice for sustainable forest management, ESG [environmental, social and corporate governance] responsibilities and carbon sequestration”.
Grains, meat, sugar, palm oil, pulp and paper, coal, aluminium, copper, gold, oil. Just some of the commodities that corporations take from the lands of indigenous peoples to ship around the world in order to generate profits.
Sovereign Green Global is, according to its website, running a REDD+ conservation project, “located primarily in the Milne bay province of Papua New Guinea”. The project covers “approximately 125,000 hectares of rainforest”. But details of the project are scant and the information that is available rings plenty alarm bells.
“Unless major changes are made in FCPF planning, design and validation of emissions reduction programmes to ensure alignment with the FCPF Charter and international human rights standards, the FCPF Carbon Fund risks enabling seriously flawed REDD pilots that could generate negative impacts on indigenous peoples and local communities as the FCPF moves towards implementation of activities on the ground.”
Yesterday, officials from the Police Administration of Pinchincha closed down Fundación Pachamama’s office in Quito. They left a resolution from the Ministry of Environment stating that the organisation is dissolved.