COP20: The new conquistadors making their presence felt in Peru

***Lima, Peru. Embargoed until 09:00 Tuesday Dec 9th***

New report released at COP20 shows how corporations causing social and environmental destruction in the Andes and Amazon are driving climate change whilst enjoying influential seats at the climate-negotiating table

Today, Tuesday 9th December a joint report was released by the Democracy Center, Corporate Europe Observatory, and the Transnational Institute which shows how three corporations involved in extractives industries in the Andes and Amazon are causing environmental and social damage on the ground where they operate, whilst simultaneously exerting influence to undermine climate policy-making spaces, despite the fact their activities drive climate change. The report outlines how the influence that Repsol (Spanish), Glencore-Xstrata (Swiss), and Enel-Endesa (Italian/Spanish) have managed to accrue over national and international climate policy decisions enables them to push for false “solutions” which in fact allow them to continue to pollute – and even profit from doing so, through mechanisms such as carbon offsetting.

"The corporations outlined in the report are having a devastating impact on both local communities and our climate, but are still allowed a place at the climate negotiating table. Surely that goes against common sense?" Said Pascoe Sabido, researcher and campaigner at Corporate Europe Observatory. "Worryingly, these three are only the tip of the corporate iceberg, with many others behaving equally badly if not worse. We need to keep them as far away from our governments and the climate talks as possible."

As negotiators meet to discuss a global climate agreement in Lima 'Corporate Conquistadors' casts a timely spotlight on three emblematic case studies of extractive projects in the Andean region, and outlines how the corporations running them use sophisticated manipulation tactics at every level to continue pursuing profits from environmentally-damaging activities:

• Spanish fossil fuels giant Repsol's extraction of new gas and oil reserves in Peru poses an existential threat to the region’s indigenous territories and forests. The corporation, which attempts to present a “green” and responsible image to the world, is ramping up fossil fuel extraction at an alarming rate, pushing deeper into protected territories as it does so. At the same time, Repsol's complex web of national and international industry lobby groups has allowed it to cash in on carbon markets while blocking efforts to cut emissions at source.

• Glencore-Xstrata's copper mining operations in Cusco, Peru are contaminating water sources in an area already experiencing water stress because of climate crisis. The Swiss-based conglomerate used political manipulation to criminalise protest and expand its operations in the region, carrying them out with impunity. Meanwhile its network of lobby groups has successfully promoted corporate-friendly policies which avoid any challenge to its dirty business model.

• In Colombia the Italy-based consortium Enel-Endesa is attempting to frame the Quimbo hydroelectric dam as a ‘clean energy’ project, valued at tens of millions of dollars worth of UNFCCC carbon credits. But the dam's electricity is destined for dirty industry at discount prices, and the deforestation involved in creating it raises serious doubts over its 'climate-friendliness'. The dam will decimate whole communities, rivers and protected forests. Enel's lobbying efforts have ensured that climate policies benefit the main drivers of climate change and environmental destruction.

'Corporate Conquistadors' is another useful addition to the research and evidence showing the extent of questionable corporate influence over the political climate negotiations process, as well as the severe damage that mega-corporations cause in the often remote areas where they operate. This is a story that is too often neglected in reporting and public discussion of the climate crisis. Given the vulnerability of developing regions like Latin America in the face of such financial and political influence, COP20 in Lima presents an excellent opportunity to bring these issues to the fore.

Report contributors and grassroots organizers Miller Dussán Calderón, Jackeline Binari and Oscar Mollohuanca are present in Lima and available for interview and comment on the report and the issues that it raises.

Please contact:

philippa@democracyctr.org +51 991562275

aldo@democracyctr.org +51 943590837

pascoe@corporateeurope.org +51 969706938

lydafernanda@tni.org