Pitfalls and Pipelines - Philippine Indigenous Peoples Links

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198 Pitfalls and Pipelines: Indigenous Peoples and Extractive Industries 33 R. Moody, 2005, Rocks and Hard Places. Zed Books. 34 Ibid. 35 “The World Bank and extractives: a rich seam of controversy.” 2012. Bretton Woods Project newsletter, 7 February http://www.brettonwoodsproject.org/art-569560. 36 M. Colchester, et al., eds. 2003, Extracting Promises: Indigenous Peoples. Extractive Industries and the World Bank. Tebtebba Foundation and Forest Peoples Programme. 37 Ibid., pp. 297-334, 266-280. 38 D. Treece, 1987, “Bound in Misery & Iron.” Survival International. 39 B. Batkhuyag, 2012, “Oyu Tolgoi raises environmental fears.” Business Mongolia 16 April, http://www.business-mongolia.com/ mongolia/2012/04/16/oyu-tolgoi-raises-environmental-fears/. 40 “The World Bank and extractives: a rich seam of controversy.” 2012, Bretton Woods Project newsletter, 7 February, http://www.brettonwoodsproject.org/art-569560. 41 R. Moody, 2005, “Money to Metals introduction.” http://moneytometal.org/index.php/Mining_the_Money#Main_types_of_miningrelated_investment; R. Moody, 2005, Rocks and Hard Places. Zed Books. 42 Bank Information Center - http://www.bicusa.org/. 43 World Bank Indigenous Peoples Policy 4.10 http://web.worldbank. org/WBSITE/EXTERNAL/PROJECTS/EXTPOLICIES/EXTOPMANU AL/0,,contentMDK:20553653~menuPK:4564185~pagePK:64709096 ~piPK:64709108~theSitePK:502184,00.html. 44 It has, however, recently started the process of reviewing its safeguards. 45 World Commission on Dams, www.dams.org, and E. Salim, 2003, “Final Report of the Extractive Industries Review.” December World Bank. 46 European Bank for Reconstruction and Development (EBRD), 2008, “Environmental and Social Policy.” issued May, http://www.ebrd.com/ pages/about/principles/sustainability/policy.shtml; Asian Development Bank. 2009. “Safeguard Policy Statement.” July. 47 Compliance Advisor Ombudsman - http://www.cao-ombudsman.org/; Inspection Panel http://web.worldbank.org/WBSITE/EXTERNAL/EXT INSPECTIONPANEL/0,,menuPK:64132057~pagePK:64130364~piP K:64132056~theSitePK:380794,00.html. 48 “The World Bank and extractives: a rich seam of controversy.” 2012, Bretton Woods Project newsletter, 7 February, http://www.brettonwoodsproject.org/art-569560.
Chapter 2.3: International Advocacy with Companies and Their Investors 199 49 International Federation for Human Rights (FIDH), 2012, ”Corporate Accountability and Human Rights Abuses - A Guide for Victims and NGOs on Recourse Mechanisms.” pp. 407-465 - http:// www.fidh.org/Updated-version-Corporate. 50 The catalogue of alleged fraudulent activities, committed by Anil Agarwal’s company Sterlite Industries India, until it was incorporated into Vedanta plc in late 2003, is summarized at: Mines and Communities, 2004, “Vedanta - the panto! A London Calling special.” 10 January, http://www.minesandcommunities.org/article.php?a=70; Anil Agarwal is in breach of various corporate guidelines as the Chair and the CEO of Vedanta. The Agarwal family, through their Volcan Trust, hold according to the last company annual report just over 62% of the voting share capital of the company; http://www.vedantaresources.com/the%20board.aspx. 51 Mines and Communities, 2011, “Mines Bigger than Yours! Forbes’ rankings surprise.” 5 May, http://www.minesandcommunities.org/ article.php?a=10891. 52 On 25 May 2011, the US Securities and Exchange Commission (SEC) ‘proposed a rule to deny certain securities offerings from qualifying for exemption from registration if they involve certain “felons and other bad actors”: http://www.sec.gov/news/press/2011/2011-115.htm. As of December 2011, the SEC had still not implemented this provision of the Dodd-Frank Act – a supposed deadline of July 2011 for implementation having passed without it being fulfilled. 53 Norwegian Council of Ethics Recommendation to the Ministry of Finance, 15 May 2007, http://www.regjeringen.no/Upload/FIN/ Statens%20pensjonsfond/RecommendationVedanta.pdf; Mines and Communities, 2007, “Norwegian government indicts Vedanta as grossly unethical.” 12 November, http://www.minesandcommunities. org/article.php?a=8260. 54 Personal communication from Norwegian Council of Ethics, August 2010. 55 Mines and Communities, 2007, “Court between the devil and the deep blue sea.” 15 November; In a quixotic decision, the Indian Supreme Court promptly endorsed handing control of the mine project to Vedanta’s Indian-registered subsidiary, Sterlite Industries, and the state-owned Orissa Mining Corporation, provided certain conditions were met. 56 Mines and Communities, 2004, “Niyam Raja: Tribal Villages Bulldozed as the Shadow of Vedanta Looms over One of the Most Sacred Mountains in Orissa.” 9 February, http://www.minesandcommunities.org/article.php?a=7777.
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