The dark side of "sustainable" investments

The report, released in November 2011, presents a series of "concerns" that BfA has about the exploitative nature of Addax's venture in the West African nation. These range from failings on the human rights front to economic and political abuses. For example, Addax claims its 14,000 hectare sugarcane project will be "climate friendly", but BfA shows otherwise. Similarly, Addax like other foreign companies argues that it is being ethical by respecting existing land rights. But this is blindness, not sustainability, and, as BfA indicate, it will serve to lock in existing inequities.

 

A well done paper, well worth the read.