hide message

Welcome to the Resource Centre

We make it our mission to work with advocates in civil society, business and government to address inequalities of power, seek remedy for abuse, and ensure protection of people and planet.

Both companies and impacted communities thank us for the resources and support we provide.

This is only possible because of your support. Please make a donation today.

Thank you,
Phil Bloomer, Executive Director

Donate now hide message

You are being redirected to the story the piece of content is found in so you can read it in context. Please click the following link if you are not automatically redirected within a couple seconds:
en/mystery-man-unearthed-as-mud-sticks-to-lapindo-indonesia-0#c45617

Mystery man unearthed as mud sticks to Lapindo [Indonesia]

Author: John Aglionby, Australian [newspaper], Published on: 22 November 2006

An American friend [James Belcher] of Aburizal Bakrie, Indonesia's powerful welfare minister, is behind the mysterious Freehold Group, which agreed to buy oil explorer Lapindo Brantas [part of Energi Mega Persada] last week. Lapindo has been blighted by a large mudflow at one of its drilling sites that is likely to cost hundreds of millions of dollars to clean up... Belcher said Minarak Labuan, a Bakrie Group affiliate, would "contribute significantly" to the mudflow clean-up costs... Fauzi Ichsan, an economist with Standard Chartered, said there was concern that Freehold would allow Lapindo to become insolvent: "Then Lapindo's liability in cleaning up the mess would be limited to the assets of the company." Mr Belcher...categorically denied this.

Read the full post here

Related companies: Bumi Resources Energi Mega Persada