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Article

18 Feb 2010

Author:
Bianca Jagger, Guardian [UK]

The battle with Vedanta is not over yet [India]

Joseph Rowntree Charitable Trust has withdrawn its investment in Vedanta...The trust is in good company; the Church of England disinvested earlier this month...According to a report from the UK National Contact Point for the OECD Guidelines for Multinational Enterprises, "Vedanta failed to put in place an adequate and timely consultation mechanism fully to engage the Dongria Kondh, an indigenous community who would be directly affected by the environmental and health and safety impact of its plans to construct a bauxite mine..."...A number of UK county councils, including four London boroughs and state pension funds, still have shares in the company, not to mention the large group of investors from civil society...I appeal to these remaining shareholders to...urgently reconsider their investment. [also refers to Martin Currie]

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