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Article

18 May 2006

Author:
Centro de Derechos Humanos y Ambiente (CEDHA)

International Coalition Denounces Calyon of France for its violations of the Equator Principles for its support to Finnish papermill Botnia in Uruguay

Nine organizations including broad civil society networks in 6 countries, filed a complaint today against Calyon, the international financial investment arm of Crédit Agricole of France, for violations of the Equator Principles, in Calyon's support of the highly controversial Finnish papermill in Uruguay in construction by Botnia...ING withdrew US$480 million in pledged support to Botnia...The complaint and advocacy action to follow is in close collaboration with the Citizens Environmental Assembly of Gualeguaychú, who protested yesterday...against the Swedish based Nordea, also for its support to Botnia. [also refers to ENCE]