Corporate Europe Observatory

Exposing the power of corporate lobbying in the EU

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Banks profit on hunger

European banks, pension funds and insurance companies are increasing global hunger and poverty by speculating on food prices and financing land grabs in poorer countries, according to Farming Money, a new report just released.

European banks, pension funds and insurance companies are increasing global hunger and poverty by speculating on food prices and financing land grabs in poorer countries, according to Farming Money, a new report just released.

European banks, pension funds and insurance companies are increasing global hunger and poverty by speculating on food prices and financing land grabs in poorer countries, according to a new report released today.

Farming Money: How European banks and private finance profit from food speculation and land grabs analyses the activities of 29 European banks, pension funds and insurance companies, including Deutsche Bank, Barclays, RBS, Allianz, BNP Paribas, AXA, HSBC, Generali, Allianz, Unicredit and Credit Agricole.

It reveals how these financial institutions are significantly involved in food speculation, and the direct or indirect financing of land grabbing.

The environmental and development organisations which collaborated on the report, which includes Corporate Europe Observatory, are calling for strict regulation to rein in these destructive activities.

The report was produced by Friends of the Earth Europe, with contributions from Campagna per la Riforma della Banco Mondiale (Italy), Banktrack (Europe), World Development Movement (UK), WEED (Germany), CNCD (Belgium), SETEM (Spain) and CEO (Europe).

Read the full report at http://www.foeeurope.org/publications/2012/Farming_money_FoEE_Jan2012.pdf

 
 

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A telling mistake

Ms Barbara Gallani, who will become EFSA's Director for Communications from 1 May was up until late March 2016 working for the largest lobby group for the food and drink industry in the UK, the Food and Drink Federation (FDF).

Corporate Europe Observatory is looking for an experienced campaigner to join our team and strengthen our work on exposing and challenging corporate lobbying capture of EU decision-making. Please respond before Wednesday May 18th 2016. The position is based in Brussels, in our office in the Mundo-B building in Brussels. Starting date July 1st 2016 (a later start date can be discussed).

You would be part of the 'lobbyocracy' team within CEO, covering issues including the corporate capture of advisory groups, lobbying secrecy, etc.

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