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Showing posts with label panamapapers. Show all posts
Showing posts with label panamapapers. Show all posts

Friday, April 8, 2016

French bank Societe Generale funding new #coal in Dominican Republic



The Dominican Republic National Committee to Combat Climate Change (CNLCC) has written to French Bank Societe Generale, among others, over their funding of the new Punta Catalina coal plant. A contract was signed by the bank on 23 December 2015, just 11 days after the Paris Agreement on climate change was concluded at COP21. The coal project is mired from corruption allegations in Brazil affecting the firm contracted to build the plant, plus transparency allegations in the Dominican Republic, and against the wishes and needs of the local population in Peravia Province (south).