Chinese banks：Environmental Impacts and Opportunities.ppt

Chinese banks:Environmental Impacts and Opportunities Michelle Chan-Fishel Friends of the Earth – US BankTrack Outline Environmental implications of Chinese banks’ overseas financing Overview of Chinese banking sector Profiles of a few Chinese banks Environmental Implications of Chinese Banks’ Overseas Financing Three Examples Oil Palm Plantations in Borneo World’s largest proposed palm oil plantation development scheme 18 separate oil palm plantations with an average size of 100,000 hectares each Most of these 18 proposed plantations will be located in the Heart of Borneo area Headwaters of many important rivers, including Rajang, Baram Kinabatangan, Belait, Kapuas, Mahakam and Barito Biodiversity: 200 bird species, 150 reptile and amphibian species, 100 mammal species including orang-utans, elephants and rhinos, clouded leopard, sun bear, Bornean gibbons (endemic) Oil Palm Plantations in Borneo China Development Bank CITIC Group China National Constructional Agricultural Machinery Import Export Corporation Guangdong Foreign Trade Group China International Marine Container Logging in Suriname (South America) Extracting hardwood resources for shipping containers and pallets Adversely affecting a maroon community (colonies originally settled by escaped African slaves) that has already been resettled from a dam Also logging operations in Cambodia China International Marine Container Export-Import Bank of China Bank of Communications China Merchants Bank China Construction Bank Bank of China Nanyang Commerical Bank Others: Citibank, HSBC, Standard Chartered China National Machinery and Equipment Export-Import Corp. A builder of the Three Gorges dam Contracted by United Fiber Systems to build Kiani Kertas pulp mill in East Kalimantan, 80% financed by CNME 525,000 tons/year Will rely on Sumalindo plantations, located on indigenous territory International NGO campaigns forced Deutsche Bank to drop UFS as a client, UFS to withdraw an application for World Bank (M