According to a report released by the aid group Oxfam on Wednesday, the Ugandan government and a British forestry company forcibly expelled more than 20,000 people from their homes here in recent years, emblematic of a global scramble for arable land...
Across Africa, some of the world’s poorest people have been thrown off land to make way for foreign investors, often uprooting local farmers so that food can be grown on a commercial scale and shipped to richer countries overseas...
The case twists around an emerging multibillion-dollar market trading carbon-credits under the Kyoto Protocol, which contains mechanisms for outsourcing environmental protection to developing nations.
The company involved, New Forests Company, grows forests in African countries with the purpose of selling credits from the carbon-dioxide its trees soak up to polluters abroad. Its investors include the World Bank, through its private investment arm, and the Hongkong and Shanghai Banking Corporation, HSBC.
(17 years of informed commentary)
Thursday, September 22, 2011
New Forests Company and Ugandan Govt. Toss People off Land
From the NY Times
