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30 Nov 2006

Indonesia: Friends of the Earth calls on banks to withhold loans from Lapindo Brantas gas project until it compensates people displaced by Sidoarjo mud volcano - Credit Suisse, Barclays, Fortis respond - Merrill Lynch declines to respond

In June 2007, Friends of the Earth issued the following reports about the mud volcano by the Lapindo Brantas gas exploration project:

"Major international banks finance catastrophic mud volcano - Lapindo Brantas is shirking its responsibility for the damage" 21 June 2007

"[PDF] Lapindo Brantas and the mud volcano Sidoarjo, Indonesia" 15 June 2007

"[PDF] The financing of the three Brantas PSC companies" 19 June 2007

Business & Human Rights Resource Centre invited the 5 banks and the 3 companies involved in the Brantas production sharing contract to provide responses:

Responses / non-responses by the 5 banks:

Barclays response [DOC]

Credit Suisse response [PDF]

Fortis response [DOC]

- Merrill Lynch declined to respond

- Natixis has not yet responded - if we receive a response we will include it here

Responses / non-responses by the 3 Brantas production sharing contract companies

Santos response [DOC]

- Medco Energi indicated it has sold its interest in the project

- Energi Mega Persada has not yet responded

Company Responses

Barclays View Response
Credit Suisse View Response
Energi Mega Persada

No Response

Ageas (formerly Fortis) View Response
MedcoEnergi View Response
Merrill Lynch (part of Bank of America)

No Response


No Response

Santos View Response