Notas de Prensa

INTERNATIONAL ORGANIZATIONS SUMMONS EUROPEAN BANKS TO SUSPEND FINANCING TO PUNTA CATALINA

Press release,
Wednesday, January 18, 2017,
Santo Domingo, D.N.

International organizations and the National Committee to Combat Climate Change, CNLCC, called on European banks to refrain from financing Punta Catalina as it a corrupt project, as well as highly polluting and emitting carbon dioxide.

During this week, Friends of the Earth, Urgewald, BackTrack and the National Committee to Combat Climate Change, CNLCC are simultaneously delivering a letter to representatives of European banks in different capitals, they said.

This morning the National Committee to Combat Climate Change, CNLCC, delivered the letter signed jointly by the entities, to the representative of Banco Santander in the country, Luis Mier.

At the summons addressed to Banco Santader, Duetsche Bank, ING, Société Genérále and Unicredit, environmental organizations say that the agreement of these banks to finance Punta Catalina should be canceled immediately, due to Odebrecht’s corruption scandal,the construction company of this project.

They recall that Odebrecht admitted, in a US court, on December 21, 2016, under the Foreign Corrupt Practices Act, that it had incurred for over a decade in extensive corrupt activities in Brazil and in eleven other countries in order to secure construction contracts.

They warn that in this summons, that this “corruption scandal significantly increases the legal and political risks associated with the financing of this project, and will generate a serious risk of damage to the reputation of these banks, unless they withdraw their support for the Punta Catalina project”.

They point out in the letter that “any form of support for the Punta Catalina project in these circumstances can only be interpreted by the public and its shareholders as a justification for corrupt and illegal practices. Responsible investors have the basic duty not to tolerate such practices in investment projects. ”

They explained that in the Dominican Republic, which is the country with the third highest level of payments of bribes by Odebrecht, Law 340-06 of Public Contracts states that “if bribes related to acquisition are carried out by a company and are confirmed, as it has been in this case in a US court, the bidding processes in which the company participates must be canceled, as well as any executed contract involving it.

They add that “on the other hand, the same law also requires the disqualification of the company that has made bribes; Committed this crime in other cases, or have executives with convictions for corruption. ”

The letter dated 12 January, addressed to the pool of European banks, is signed by Lucie Pinson for Friends of the Earth, Hefa Schücking, director of Urgewald, Yann Luvel, coordinator of Climate and Energy Campaign and BankTrack, and Enrique de León, spokesman for the National Committee to Combat Climate Change, CNLCC, of the Dominican Republic.

NATIONAL COMMITTEE ON COMBATING CLIMATE CHANGE, CNLCC

ANNEXES:
– Original English version of the Friends of the Earth, Urgewald, BankTrack and CNLCC letter to the European bank pool that funds Punta Catalina, January 12, 2017.

– Spanish version of the Friends of the Earth, Urgewald, BankTrack and CNLCC letter to the European banks pool that finance Punta Catalina, January 12, 2017.

Photo Captions:

Enrique de León, a spokesman for the National Committee to Combat Climate Change, CNLCC, informs the press that he will deliver a letter on behalf of himself and three international movements, to Banco Santander, addressed to European banks asking them to cancel the financing to Punta Catalina:

EMPLAZAN A BANCOS EUROPEOS A SUSPENDER FINANCIAMIENTO A PUNTA CATALINA-1a

EMPLAZAN A BANCOS EUROPEOS A SUSPENDER FINANCIAMIENTO A PUNTA CATALINA-2a

Héctor Turbí, of the CNLCC and the Committee for the Defense of Health, Environment and Agricultural Production of the Peravia province, explains to the press that the European banks’ demand to suspend funding to Punta Catalina is because this is A corrupt project that will produce great pollution in that province:

EMPLAZAN A BANCOS EUROPEOS A SUSPENDER FINANCIAMIENTO A PUNTA CATALINA-3a

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