Finnish ECA Projects:
Finnish ECAs have played a role in the financing of projects in China, Latin America, Africa, and Indonesia, among other places. Finnvera has guaranteed projects by Asia Pulp and Paper (APP) and Asia Pacific Resources International Limited (APRIL) in Sumatra, Indonesia which have been accused of irresponsible and illegal logging practices and a lack of regard for property of the native people of Indonesia. Finnish money also supported the import of hospital supplies into Costa Rica by Corporación Fischel, the contract for which was the result of a bribe to former president Rafael Ángel Calderón with money originating from the loan.
Read More About Finnish ECA activities
Read More About Illegal Logging in Indonesia
TVO's Nuclear Power:
The French ECA, COFACE, is sponsoring the third power plant run by Teollisuuden Voima (TVO) in Olkiluoto, Finland. This will be the fifth nuclear power plant to be built in Finland while other European countries are taking steps to phase out use of nuclear energy. The Olkiluoto plant is the first nuclear power plant to be built in a Western country since Chernobyl. Construction of the plant has been met with heavy protest due to its significance as a step away from renewable energy and the questionable safety of the European Pressurized Water Reactor (EPR) which will be used at the plant.
Olkiluoto Info
Stop the Nuclear Madness in Finland by Greenpeace
News 2004-2005:
Finnish ECA Finnvera Ruled Illegally Secretive March 31, 2005
Finnish ECA Money Tied to Costa Rican Scandal October 22, 2004
French ECA COFACE Plans to Back Finnish Nuclear Reactor October 22, 2004
ECA-Backed Indonesian Pulp Mill Used Illegal Wood Sources September 14, 2004
Finnish ECAs Violate Environmental Policy June 28, 2004
Finnish ECA Agrees to Environmental Transparency June 14, 2004
For more information, contact the ECA Watch Facilitator.
ECA Watch Campaign Member Links:
Finnish ECA Campaign/ Vientiluottokampanja, Tove Selin - www.vientiluotto.net
