Indonesia: Friends of the Earth calls on banks to withhold loans from Lapindo Brantas gas project until it compensates people displaced by Sidoarjo mud volcano - Credit Suisse, Barclays, Fortis respond - Merrill Lynch declines to respond
In June 2007, Friends of the Earth issued the following reports about the mud volcano by the Lapindo Brantas gas exploration project:
"Major international banks finance catastrophic mud volcano - Lapindo Brantas is shirking its responsibility for the damage" 21 June 2007
"[PDF] Lapindo Brantas and the mud volcano Sidoarjo, Indonesia" 15 June 2007
"[PDF] The financing of the three Brantas PSC companies" 19 June 2007
Business & Human Rights Resource Centre invited the 5 banks and the 3 companies involved in the Brantas production sharing contract to provide responses:
Responses / non-responses by the 5 banks:
- Credit Suisse response [PDF]
- Merrill Lynch declined to respond
- Natixis has not yet responded - if we receive a response we will include it here
Responses / non-responses by the 3 Brantas production sharing contract companies
- Medco Energi indicated it has sold its interest in the project
- Energi Mega Persada has not yet responded