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CSOs call on banks to withdraw support from unethical, high-risk Bumi Resources
16 July 2014
The attached letter from Greenpeace International and BankTrack was sent to the banks listed below on 16th June.
There is growing concern over international finance support for Bumi Resources - the Bakrie family coal mining whose messy "divorce" from Bumi plc - now renamed ARMS - has provided juicy headlines for the business press in recent months.
See DTE's April update of news items on this A Call to ARMS: the dumb and the dumber at Bumi, and previous reports by DTE and the London Mining Network (LMN) about Bumi/ARMS and the serious social and environmental damage inflicted by its coal operations on local communities in Kalimantan:
and, following the Bumi scandal, on the need for tougher regulation on the London Stock Exchange:
For more information on Bumi Resources' debt situation see DTE's recent update on this.
|140616 Letter to Credit Suisse on Bumi Resources.pdf||481.31 KB|