By financing environmentally damaging projects, can Indian funders be held liable?
Banks and financial institutions in India have no internal mechanisms to address the broader costs of investing in risky projects.
Fund with a heart
Banks need to fully assess the risks and engage with the local communities and seek free, prior and informed consent before investing in projects.
Teesta disaster and the need for accountability in development finance
The lack of accountability and the deliberate indifference to the social and environmental impact of these massive hydroelectric projects emphasise the insensitivity of FIs that remain in the shadows in the aftermath of such...