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Friends of the Earth report alleging European banks fuel food price volatility & hunger
In January 2012, Friends of the Earth issued the press release "European banks fuelling good price volatility and hunger" and the report "Farming money: How European banks and private finance profit from food speculation and land grabs".
Business & Human Rights Resource Centre invited the 6 companies most severly critisised for negatively impacting human rights through their investments to respond. Each company's response is listed below.
We also invited the pension fund ABP to respond; its response is available here [PDF].
Additional commentary on the report:
Friends of the Earth accuses banks of causing 'catastrophic instability" in food markets, Peter Guest, Huffington Post UK, 12 Jan 2012