Honduras: rights abuses may catch up with Aguán landowner

Posted on April 27, 2011 • Filed under: Business, Crime, Honduras, Human Rights Latin America

On April 8 a German development bank, DEG Deutsche Investitions- und Entwicklungsgesellschaft mbH, cancelled a previously approved loan to Grupo Dinant, a large Honduran company that produces snacks, other food products and cooking oil; the loan was reportedly worth $20 million. Shortly afterwards, EDF Trading, a wholly-owned subsidiary of the French energy firm Electricité de France SA, cancelled a contract to buy carbon credits from a Dinant subsidiary, Exportadora del Atlántico, under the Kyoto Protocol’s Clean Development Mechanism (CDM) for carbon trading. Read Article

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