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Honduran project hit by ‘misleading’ claims

Monday, April 25, 2011

Grupo Dinant, owner of an emissions-cutting project in Honduras, said “misleading” claims of human-rights abuses may force it to close.

Should the accusations prevent Dinant from getting finance, “that could cause the company to close,” Roger Pineda, corporate treasurer at the Tegucigalpa, Honduras-based company, said.

A German development bank said it hasn’t paid out on a loan to Dinant. CDM Watch, the Bonn-based environmental lobby group, said in February that Dinant may not hold legal claims to its land and may be linked to killings of members of the Unified Peasant Movement and the Peasant Movement of the Lower Aguan Valley.

Original source: Bloomberg