Spanish NGOs welcome draft legislation to deny export credit support for companies involved in foreign environmental damages

(Observatorio de la Deuda en la Globalización, Terrassa, 27 June 2007) The Environmental Commission of the Spanish Parliament has proposed environmental legislation which includes a clause providing for Spanish companies which undertake activities outside the European Union, and which benefit from public support for Spanish foreign investment, to be held to a level of environmental responsibility equivalent to that demanded of companies in Spain.