Activists oppose Green Resources Uganda project as Norfund, Finnfund

In a letter dated March 16, 2018 addressed to Knive with copies to Norfund and Finnfund who took over a controlling stake of the Dar es Salaam based company earlier this year, faulted the acquisition saying the Kachung Community Development does not qualify to sell carbon credit internationally because it violates people’s rights.

“We write to you regarding Green Resources plantation forestry and carbon credit project in Kachung, Uganda. As CEO of Green Resources, we are sure you are aware that in 2015, the Swedish Energy Agency (SEA), your sole carbon credit buyer, suspended payments because of the direct adverse impact of your forestry project upon local populations,” reads part of the letter signed by several activist institutions led by Oakland Institute.

Full article: IPPmedia



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