Leading social activists call for suspension of massive project
On Wednesday 18 May a statement was released, signed by some of India’s leading social activists, calling for an urgent criminal investigation into violations by a number of government officials which, they claim, paved the way for the country’s biggest-ever minerals’ project. Among the signatories are Prashant Bhushan, Arvind Kejriwal, Aruna Roy, Swami Agnivesh and Vandana Shiva. They are demanding an immediate halt to the POSCO venture, declaring that: “As citizens of this country we have a right to know how and why our natural resources are being handed over to this company and why these decisions were taken.”
See http://www.minesandcommunities.org/10921.
See also Orissa HC issues notices after fresh plea against Posco at http://www.domain-b.com/companies/companies_p/posco/20110521_orissa_hc_issues_oneView.html.
British-based investors in South Korean company POSCO include Barclays, Alliance Bernstein/Alliance Bernstein Global Wealth Management, Foreign and Colonial Investment Trust PLC, and Henderson Far East Income Limited: see http://moneytometal.org/index.php?title=Special%3ASearch&search=Posco&go=Go.