European banks pull out of Honduras dam project

Two European development banks financing construction of a controversial dam project in Honduras have pulled out following the murders of local activists including Berta Caceres, a 2015 winner of the prestigious Goldman Environmental Prize.

The Netherlands Development Finance Institution and the Finnish Fund for Industrial Cooperation said in a joint statement last week that the decision to halt their involvement in the Agua Zarca dam was reached after extensive local and international consultations.

Source: Associated Press