#finance_and_banking

Accounting giants take on the world
▻http://multinationales.org/Accounting-giants-take-on-the

Unbeknownst to the general public, the Big Four accountancy firms advise governments and multinationals, lay down the law in tax havens and spin their web of #influence in international institutions, whilst promoting “aggressive tax planning”. This article was originally published in French. Translation via Equal Times. Since November, the LuxLeaks scandal has been gathering ever-greater momentum, but the main culprits remain in the shadows. Journalists have revealed that over 300 (...)

#Investigations

/ #Tax_Heavens, #Lobbying, #Luxemburg, #Finance_and_Banking, #PwC, #Deloitte, Ernst & Young, #KPMG, #tax_system, #tax_evasion, #financialisation, (...)

#Ernst_&_Young
« ▻http://www.equaltimes.org/accounting-giants-take-on-the#VNH2IFqxCQs »
« ►http://www.icij.org/project/luxembourg-leaks »
« ►http://www.publications.parliament.uk/pa/cm201213/cmselect/cmpubacc/870/870.pdf »
« ▻http://uk.businessinsider.com/afp-new-luxleaks-release-drags-disney-microsoft-into-tax-scandal »
« ►http://www.heinz.com/AR_2010/Heinz_Annual_Report_2010.pdf »
« ►http://ec.europa.eu/taxation_customs/taxation/gen_info/good_governance_matters/platform/index_fr.htm »
« ►http://www.africaintelligence.fr/LC-/holding-and-business/2013/04/17/pwc-remporte-le-jackpot-des-banques-publiques-a-abidjan,107956015 »
« ▻http://www.reuters.com/article/2013/12/19/vatican-reform-idUSL6N0JY1P520131219 »

« If #Société_générale was genuine about its own social and environmental principles, there’s no way they would remain involved in the Alpha Coal project »
▻http://multinationales.org/If-Societe-Generale-was-genuine

Alpha Coal: it is the name of a megaproject in Queensland, #Australia. Alpha Coal would involve extracting millions of tonnes of coal, transporting them by rail over hundreds of kilometers and then exporting them to Asia through a new giant terminal at Abbot Point - in the middle of the Great Barrier Marine Park. Société Générale, one of France’s largest banks, is among the last backers of this project within the international financial community. Julien Vincent and Tony Brown, as representatives (...)

#Investigations

/ #Extractive_Industries, #Fossil_fuels, Société générale, Australia, #Finance_and_Banking, #Extractive_Industries, #biodiversity, #local_communities, #greenhouse_gas, #social_impact, #environmental_impact, #extractive_industries, #climate_change, socially responsible (...)

#socially_responsible_investment #commodities
“►http://www.marketforces.org.au”
“►http://www.thesaturdaypaper.com.au/news/business/2014/04/26/the-end-coal/1398434400”
“►http://www.ieefa.org/press-release-the-beginning-of-the-end-of-imported-coal-in-india-report-expos”

French banks blithely financing the fracking industry
▻http://multinationales.org/French-banks-blithely-financing

All, or nearly all, claim that they are sensitive to environmental concerns. This does not, however, stop French banks, most prominently Société Générale and BNP Paribas, from bankrolling natural gas fracking, an industry which has adverse effects on water resources, local communities, and the global climate. This is the conclusion of a study commissioned by Friends of the Earth Europe. The study details the source of investments and loans financing the oil and gas companies most active in (...)

#Investigations

/ #Energy, #Extractive_Industries, #Finance_and_Banking, #Poland, #France, #United_States, #Total, #Chevron, #Shell, #Talisman_Energy, #Marathon_Oil, #PGNiG, #PKN_Orlen, #Corporate_Social_Responsibility_and_Ethical_Investment, #Extractive_Industries, #Fossil_fuels, #shale_gas, (...)

#climate_change #environmental_impact #energy #socially_responsible_investment
“►https://www.flickr.com/photos/wcn247/7797057054/in/photostream

Major European banks benefit from 48 billion euros ’implicit’ #subsidies
▻http://multinationales.org/Major-European-banks-benefit-from

European banks benefit from a “financial support” worth 200 to 300 billion euros every year, thanks to ’implicit subsidies’ provided by the states. The equivalent of 1.5% of the European GDP and almost twice the #european_union's annual budget! These are the conclusions drawn from a study carried out by the independent finance expert Alexander Kloeck at the request of Green MEPs. This article was originally published in French. Translation : Mathilde Balland. Implicit guarantees mostly concern (...)

#News

/ #France, #Finance_and_Banking, #BNP_Paribas, #BPCE, #Crédit_agricole, #Société_générale, #financialisation, #Tax_Heavens, subsidies, european union, (...)

#speculation
►http://www.greens-efa.eu/fileadmin/dam/Documents/Studies/Implicit_subsidies_in_the_EU_banking_sector_study_January_2014.pdf

Large-scale coal mining backed by French bank #Société_générale threatens the Great Barrier Reef
▻http://www.multinationales.org/Large-scale-coal-mining-backed-by

Northeastern #Australia's enormous coal deposits attract interest from all directions. Nine huge mining projects are underway in Queensland – along with train tracks and freight terminals, CO2 emissions by the millions, and a vital threat to the coastline’s unique world heritage site: the Great Barrier Reef. A French bank, Société Générale is in charge of advising investors for the most advanced of these mining project, Alpha Coal. This article was originally published in French. Translation : Guy (...)

#News

/ Australia, Société générale, #Energy, #Extractive_Industries, #Extractive_Industries, #Finance_and_Banking, #environmental_impact, #corporate_social_responsibility, #greenhouse_gas, #biodiversity, #climate_change, extractive (...)

#extractive_industries
►http://www.prix-pinocchio.org
▻http://rse.societegenerale.com/accueil/environnement-achats/politique-environnementale/bilan-de-la-strategie-carbone-2008-2012
►http://www.greenpeace.org/australia/Global/australia/images/2012/Climate/Galillee_Report.pdf