The Centre for Research on Multinational Corporations (SOMO) is an independent, not-for-profit research and network organisation
working on social, ecological and economic issues related to sustainable
development. Since 1973, the organisation investigates multinational
corporations and the consequences of their activities for people and the
environment around the world. More...
Indian research organisation Madhyam, a SOMO partner organisation, recently published a guide which explains in simple language commodity derivatives markets and their impact on society. By having a special emphasis on the Indian markets, it shows in concrete ways how the futures markets operate and what the consequences are when they are badly regulated.
Resettled communities in Sierra Leone are at risk of losing access to water and food as a result of African Minerals, the UK-based iron ore mining company, going into administration last month. It remains unclear whether the new Chinese owner will uphold agreements to provide rice and water tanks to families who were involuntarily displaced to make way for the mine. This is one of the main findings of a new SOMO report, published today.
For over two years, the US and the European Union are negotiating the Transatlantic Trade and Investment Partnership (TTIP). This week, SOMO (among others) calls for action by co-organising a TTIP action week.
It's up to Greece to tackle its own problems with tax avoidance. This is what the Dutch government had to say in its response to the Fool's Gold report which was released on Monday. The publication reveals how the Canadian mining corporation Eldorado is using mailbox companies to avoid paying taxes. The government's reaction leaves no doubt that the Dutch authorities refuse to take responsibility for the pernicious effects of its own tax policies. The country is increasingly isolating itself from the European struggle against tax avoidance.
The latest newsletter (March 2015) explains how two important ongoing EU financial reforms that are the cornerstone to avoid another financial crisis, are being watered down.