December 4, 2012, 8:00 am EST
Contact: Anuradha Mittal, email@example.com; (510) 469-5228
It's 2 am in Africa--Do You Know What Your Pension Fund is Doing There?
Following the 2007-2008 financial crisis and the collapse of the housing market, private equity funds have found a new lucrative soft commodity market to invest in – farmland. In a short period of time, obscured from public view, the flow of private capital into farmland and agriculture has grown dramatically worldwide.
Bruce Wrobel is a man with his heart in the right place. You see, Bruce is in the agricultural business and he plans to solve the world’s complex food security issues by creating sustainable, community oriented projects. He is the CEO of Herakles Farms – a corporation with some very wealthy friends.
Bruce wants to grow a big palm oil plantation. And we mean BIG. This plantation would be one of the largest in Africa and out of all the land out there, he chose about 73,000 hectares between five...
STRICT EMBARGO UNTIL SEPTEMBER 5 4PM CET / 10AM EST
New report debunks investors’ effort to greenwash destruction of rainforest and livelihoods
Oakland, USA, 5 September, 2012 – An American owned company with a track record of illegality and links to private equity giant Blackstone Group threatens to destroy rainforests and dislocate local communities in Cameroon.
From its very name, American-owned SG Sustainable Oils Cameroon, Ltd. (SGSOC) presents a pro-environment, pro-resources image. This is supported by an impressive-sounding partnership with an NGO by the name of All for Africa and as a package typifies the kind of convoluted modern-day foreign investment going on in Africa. It is sadly all too familiar to communities on the ground.
Par son nom même, la société américaine SG Sustainable Oils Cameroon, Ltd (SGSOC) revendique son attachement à la préservation de l’environnement et à une exploitation durable des ressources naturelles. Elle met aussi en avant un partenariat avec All for Africa, une ONG prétendument de ‘développement’, à travers un montage emblématique des circonvolutions qu'empruntent désormais les investissements fonciers en Afrique... Les communautés locales ne sont malheureusement que trop familières de...
Press Statement from Anuradha Mittal, Executive Director of the Oakland Institute, on the Institute’s latest report, Lives on Hold, which documents the impact of AgriSol’s land deal in Tanzania. Released at press call, July 9, 2012
Report embargoed until 12:00 am EDT, JULY 9, 2012
Contact: Anuradha Mittal
(510) 469-5228; firstname.lastname@example.org
Lives on Hold
AgriSol's Land Deal in Tanzania Creates an Uncertain Future for More than 160,000 People
In June 2011, the Oakland Institute (OI) released details of the largest land deal in Tanzania, which had been hidden away from public scrutiny prior to that and obscured from national debate and discussion. The deal involved Iowa-based Summit Group and the Global Agriculture Fund of the Pharos Financial Group working in partnership with AgriSol Energy LLC and Iowa State University College of Agriculture and Life Sciences.