Update on the impact of Buchanan Renewables' operations and Vattenfall's divestment
This report is an update of ‘Burning Rubber’ and addresses the impact of Buchanan Renewables’ operations in Liberia, as well as the causes and consequences of Vattenfall’s decision to divest of its minority share. The report shows how smallholder farmers are facing difficulties in sustaining their livelihoods as a direct consequence of the actions by these companies. Vattenfall and Swedfund have not done adequate due diligence to avoid such negative consequences for Liberian stakeholders. Charcoal producers also continue to face difficulties, while Buchanan Renewables corporate structure remains well suited for tax avoidance.
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