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Communities File IFC Complaint over Global Warming
December 08, 2017
The Manila Bulletin reports that a coalition of citizen groups and communities in the Philippines filed a complaint in October with the International Finance Corporation's (IFC) Compliance Advisor Ombudsman alleging that IFC investments in a Philippine bank that in turn invests in coal projects are contributing to the "death and destruction" caused by global warming.
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EC Investigates UK Corporate Tax Exemption
December 08, 2017
In October, the European Commission (EC) opened a formal investigation into whether the UK's Group Financing Exemption in its tax rules violate EU State Aid laws by potentially giving some companies transferring funds to offshore subsidiaries better tax treatment than others.
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NGO: Respect Environment, Rights by Stopping Economic Growth
December 07, 2017
In November, the nongovernmental organization Friends of the Earth Europe hosted a conference pushing for an end to the "sustainable growth dogma" to be replaced by pressure for slowing or halting economic growth through the "equitable downscaling of production and consumption that will reduce societies' throughput of energy and raw materials."
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UN Fund: Businesses Must Promote "Peaceful" Societies
December 07, 2017
The UN's Sustainable Development Goals (SDGs) Fund recently published a report placing responsibility on businesses to help achieve SDGs promoting "peace, justice and strong institutions" through such activities as diversity efforts and "supporting justice initiatives."
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UN Talks Fail to Clarify Scope of BHR Treaty
December 07, 2017
An overview from law firm Hogan Lovells of recent negotiations in Geneva of a proposed UN business and human rights (BHR) treaty describes the proceedings as a contentious series of events "dominated by questions and objections" raising uncertainty about the scope of such a treaty, rather than clarifying its aims and focus.
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