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...
Much of the coal used to provide the Netherlands with energy comes from controversial Colombian mining projects. SOMO’s briefing paper ‘Colombian coal in Europe’ firstly charts which role European energy suppliers play in this and how their supply chains look. The paper shows that there are still many structural problems in the Colombian mines and that there is a chronic lack of transparency in the coal supply chain. Furthermore, the import operations of the Italian company Enel, a large European importer of Colombian coal, are examined in a case study.
According to a leaked document, the EU is bent on using the TTIP negotiations with the US to get an agreement on financial regulation that, according to the analysis by Kenneth Haar of Corporate Europe Observatory (CEO) and Myriam Vander Stichele of The Centre for Research on Multinational Corporations (SOMO) will weaken reform and control of the financial sector.
A special issue of the Newsletter on EU financial reforms explains how the multi crisis at the EU is increasing after the EU elections and it discusses how the new Commission and European Parliament will impact on the crisis management and financial reform agenda of the EU. A short update on TTIP and TISA negotiations on financial services show that more problems are piling up.
Policy and case study research by a European coalition of civil society organisations shows that EU policy action is needed to secure decent work and prevent unfair trading practices in supermarket supply chains from developing countries. “We call on the European Parliament and the European Commission to step in as the policies supermarkets have adopted are not addressing these issues properly and new measures that have been set up by the industry will not offer a solution either”, says SOMO-researcher Sanne van der Wal. SOMO that is part of the CSO coalition sent its new briefing to EU policy makers today.
FMO’s Independent Complaints Mechanism (ICM) determined that the complaint submitted by Panamanian indigenous communities has met its admissibility criteria and will move on to the next phase. The complaint, filed on May 5 2014, alleged that FMO failed to ensure free prior and informed consent was obtained before financing the Barro Blanco hydropower project that would result in the flooding of indigenous lands.