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Don’t scrap environmentally responsible overseas investment with reckless Senate BUILD Act
Don’t scrap environmentally responsible overseas investment with reckless Senate BUILD Act

It fails to transfer to the new institution OPIC’s existing environmental, social, climate, transparency, worker rights, human rights, indigenous peoples, gender, anti-corruption and accountability policies — putting communities, the environment and the U.S. government at risk.

How can OPIC protect communities and the planet?
How can OPIC protect communities and the planet?

In the waning days of the Obama administration, government agencies are scrambling to finalize new policies before the Trump administration comes to Washington in January. One such agency is the Overseas Private Investment Corporation, the United States development finance institution. Last year, OPIC began a revision of its Environmental and Social Policy Statement, which is…

OPIC: Financing for the sake of development or corporate welfare?
OPIC: Financing for the sake of development or corporate welfare?

The Overseas Private Investment Corporation provides financing to projects in the name of helping countries develop. The problem is that often these projects seem to help large corporations more than the average person in the developing world. Too often local communities bear the brunt of the environmental and social impacts of projects that come into their community with little consultation, let alone consent. Meanwhile, U.S. companies receive taxpayer dollars to support…