CSOs call on banks to withdraw support from unethical, high-risk Bumi Resources

16 July 2014

The attached letter from Greenpeace International and BankTrack was sent to the banks listed below on 16th June.

There is growing concern over international finance support for Bumi Resources - the Bakrie family coal mining whose messy "divorce" from Bumi plc - now renamed ARMS - has provided juicy headlines for the business press in recent months.

See DTE's April  update of news items on this A Call to ARMS: the dumb and the dumber at Bumi, and previous reports by DTE and the London Mining Network (LMN) about Bumi/ARMS and the serious social and environmental damage inflicted by its coal operations on local communities in Kalimantan:

”Leave us and leave our land” indigenous community tells Bumi

Bumi board continues to ignore concerns about coal impacts in Indonesia

and, following the Bumi scandal, on the need for tougher regulation on the London Stock Exchange:

Tighten up human rights & environment rules for mining companies, British MPs told

Tinkering at the edges: How the new Financial Conduct Authority is not living up to its own rhetoric of fixing what’s going wrong