We write to you to draw your attention to the planned Phulbari open pit coal mine in Bangladesh. According to the website of Global Coal management, UBS is a significant shareholder (11.39% as of 15 November 2007) of Global Coal Management plc (GCM), which in turn, own 100% of the Phulbari Coal Project...Global Coal Management, operating through its wholly owned subsidiary Asia Energy Corporation (Bangladesh) Pty Ltd is developing the Phulbari Coal Project located in northwest Bangladesh. This project is fiercely opposed by potentially affected communities.