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" href="javascript:void(0);">About Profundo ">Profile

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">Team

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">Annual reports

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">Jobs

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Oil & gas

The extraction and transport of oil and gas threaten the vulnerable ecosystems and biodiversity in the different parts of the world. Besides that, is the global use of fossil energysources (such as oil, gas and coal) the main cause of climate change. And the inhabitants of those regions full of oil and gas sources often experience more economic and social disadvantages than advantages as a consequence of the oil and gas extraction.

 

Profundo analyses the productionchain of oil and gas producers and researches the financing of the oil and gas producing companies. Profundo also researches in how far the financing of the oil and gas area contributes to the climate change.  

projects

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Greenpeace finance training
Training of Greenpeace-campaigners on the financing of companies and projects in sectors with a large sustainability impact.

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Fair Bank Guide, 11th update
The 10th update of the Fair Bank Guide judges the policies of the biggest Dutch banks with regard to the ten most important sustainabilityissues and eight sectors.

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The financing of Sakhalin Energy
This research concerns an investment analysis of the second phase of the Sakhalin II oil and gas project in Sakhalin Island, Russia.

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The financing of oil and gas concessions in the Mediterranean Sea
Oil majors and newly established companies operate and explore in tens of concessions across the Mediterranean, including in deep water. In this report the financing of some of the offshore oil and gas concessions in the Mediterranean Sea has been analysed.

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Fair Bank Guide, 10th update
The 10th update of the Fair Bank Guide judges the policies of the biggest Dutch banks with regard to the ten most important sustainabilityissues and eight sectors.

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Investments of European companies in Syria
Research into the investments of Shell and other European companies in Syria, in the sectors oil and gas, electricity, telecom and infrastructure.
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Fair Bank Guide, 9th update
The 9th update of the Fair Bank Guide judges the policies of the biggest Dutch banks with regard to the ten most important sustainabilityissues and eight sectors.

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Investments of Middle East and North African governments in the Netherlands

Research into investments of Middle East and North African governments in the Netherlands.

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The financing of Dominion Petroleum and SOCO International

An examination of the financial stakeholders of British oil and gas companies Dominion Petroleum and SOCO International. These companies are currently drilling exploration wells in an important conservation area in the Democratic Republic of the Congo.

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Fair Bank Guide, 8th update
The 8th update of the Fair Bank Guide judges the policies of the biggest Dutch banks with regard to the ten most important sustainabilityissues and eight sectors. Since the 27th of January 2011 asset management has been included in the Fair Bank Guide.
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The financing of Woodside Petroleum
Profundo researched the financing of Woodside Petroleum, an Australian oil and gas company with several liquefied natural gas (LNG) projects in the pipeline, including the Browse joint venture which is owned by Woodside Petroleum and several energy companies. This project will especially be financed by the existing bank relationships, shareholders and bondholders of Woodside Petroleum, including major Swiss financiers UBS and Credit Suisse.

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Investments by Dutch pension funds in oil and tar sands
In order to restrain global climate change both production and consumption of oil and gas need to be limited. Since it becomes more difficult to gain from the regular oil- and gassupplies, the oilcompanies focus more on gaining oil orm tarsands. This method causes larger emissions of greenhouse gases and it uses a lot of water. The research shows how much Dutch pension funds invest in oil production, and which part of these investments is intended for the extraction of tar sands.

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Fair Bank Guide, 7th update
The Fair Bank Guide's 7th update evaluates today's policies of the largest Dutch banks concerning ten important CSR issues and eight sectors. With regard to the previous update the policies of SNS Bank and SNS Regio bank have improved on several issues.

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Financing of the Deepwater Horizon platform
On the 20th of April 2010 the semisubmersible platform Deep Horizon, in the Gulf of Mexico close to the USA, sank because of an explosion. Eleven platform workers died and seventeen got injured. The drill rod also broke and because of that hundreds of barrels of oil leaks into the ocean. The drill rod is very difficult to fix, so by now the oil spill means an environmental disaster. Profundo researched which companies invested in oilconcern R&B Falcon, the company that ordered the platform in 1999.

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Fair Bank Guide, 6th update

Sixth update of the Fair Bank Guide, this research shows that the bonus policies of most banks are still inadequate. The website of the Dutch Fair Bank Guide enables bank customers to check wether their bank has a good policy on various important social and environmental issues. Different banks can also be compared on their policies. The aim of the project is to stimulate social responsible investing by Dutch banks. Profundo wrote researched the report on which the website is based.

 

 

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The financing of tar sand companies by Deutsche Bank, DekaBank and Allianz
This report aims to identify the role which the three German financial institutions Allianz, DekaBank and Deutsche Bank, play in financing the most important oil and gas companies active in exploring and exploiting tar sands (also widely known as oil sands) reserves in Canada and DR Congo.

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Shell’s profits from oil and gas production in Nigeria
Research into the returns gained by Shell and the Dutch government on oil and gas production in Nigeria.

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The financing of Shell by Dutch financial institutions

Amnesty International is concerned about the oil exploitation activities of Royal Dutch Shell in Nigeria and the consequences that these activities have on the human rights position of the local population. Profundo therefore researched which Dutch financial institutions have invested in Shell. With this information Amnesty International wants to start a dialogue with these institutions about the oilconcern.

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European ECA support to carbon intensive industries

Profundo researched the involvement of European Export Credit Agencies (ECA's) in financing carbon intensive industries. The study analyzes all export credits and credit guarantees provided by the 21 ECA’s in EU-member countries  in the past six years (2004-2009) to eleven carbon-intensive industries.

 

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Fair Bank Guide, 5th update

Fifth update of the Fair Banking Guide. The website of the Dutch Fair Bank Guide enables bank customers to check wether their bank has a good policy on various important social and environmental issues. Different banks can also be compared on their policies. The aim of the project is to stimulate social responsible investing by Dutch banks. Profundo wrote researched the report on which the website is based.

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Financing Chinese investments in Central and Eastern Africa
The aim of this report is to present an overview of the financing of Chinese investments by China Eximbank and other Chinese financial institutions in the following countries in Central and Eastern Africa

The report focuses on the sectors forestry, infrastructure, oil and gas, minerals, agriculture and fisheries. Based on the research objective, the report provides an assessment of Chinese investments in the focal sectors and countries and the companies which are executing the projects.

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French investments in forest-sensitive sectors in the Congo Basin

What role are French banks and institutional investors playing in companies operating in forest-sensitive sectors in the Congo Basin? Profundo investigated this in the fourty most important companies in this area for the sectors forestry, plantations, infrastructure, mining and oil and gas. The Congo Basin includes the Republic of Congo, Democratic Republic of Congo, Cameroon, Gabon, Central African Republic and Equatorial Guinea.

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The financing of tar sands companies by UBS and Credit Suisse

This report aims to identify the role which the two Swiss banks, Credit Suisse and UBS, play in financing the 26 most important oil and gas companies active in exploring and exploiting tar sands reserves in Canada. Tar sands are a source of oil, but extraction creates severe damage to the landscape, strong water pollution and 1.5 times as many greenhouse gas emissions.

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Fair Bank Guide, 4th update

Fourth update of the Fair Bank Guide. The website of the Dutch Fair Bank Guide enables bank customers to check wether their bank has a good policy on various important social and environmental issues. Different banks can also be compared on their policies. The aim of the project is to stimulate social responsible investing by Dutch banks. Profundo wrote researched the report on which the website is based.

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The financing of tar sands companies by UBS and Credit Suisse

The two Swiss banks, Credit Suisse and UBS, play a relevant role in the financing of the oil companies active in exploring and exploiting tar sands in Canada, by providing loans, owning or managing a significant number of shares or by helping the companies to issue new shares or bonds.

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Fair Bank Guide, 3rd update
The website of the Dutch Fair Bank Guide enables bank customers to check wether their bank has a good policy on various important social and environmental issues. Different banks can also be compared on their policies. The aim of the project is to stimulate social responsible investing by Dutch banks. Profundo wrote researched the report on which the website is based.

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Financing of oil companies in Burma

This research project tries to identify which financial institutions are involved in financing the companies undertaking two major oil and gas projects in Burma: Block M and the Shwe Reserve (including the Arakan-Yunnan Pipeline).

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Fair Bank Guide, 2nd update

The Dutch Fair Bank Guide enables bank customers to check wether their bank has a good policy on various important social and environmental issues. Different banks can also be compared on their policies. The aim of the project is to stimulate social responsible investing by Dutch banks. Profundo researched the report on which the website is based.

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Public money for fossil fuels in the EU and in three EU member states

Research about all forms of public money spent on the production and primary processing of fossil fuels in France, the Netherlands, the United Kingdom and the European Union.

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Fair Bank Guide, 1st update
Research report for OxfamNovib, Amnesty International, FoE Netherlands and FNV Mondiaal. This project aims to improve the level of SRI by Dutch Banks.

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Sector trends in Chinese overseas investments
Chinese foreign direct investment (FDI) has rapidly increased in importance since 2000, when China officially initiated a "go global" strategy. Starting from virtually no FDI in 1979, the initial year of China's open door policy, China has accumulated over US$ 90 billion of FDI. The objective of this report is to provide an overview of the volume of Chinese foreign investments in 22 countries in Africa, Latin America and South East Asia, in the oil & gas, mining, forestry, palm oil and infrastructure sectors

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Fair Bank Guide
The website of the Dutch Fair Bank Guide enables bank customers to check wether their bank has a good policy on various important social and environmental issues. Different banks can also be compared on their policies. The aim of the project is to stimulate social responsible investing by Dutch banks. Profundo researched the report on which the website is based.

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Financing of fossil fuels and renewable energy by Canadian banks

Comparative quantative research of the greenhouse gas emissions caused by the financing of oil-, gas- and coal producers by the top five Canadian bank groups (Royal Bank of Canada, Scotiabank, TD Bank, BMO and CIBC) and by two smaller banks (Desjardins Bank and Vancity Group/Citizens Bank). Their investmentsments in fossil fuels are also compared to their investments in renewable energy.

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Financing of Dominion Petroleum and Heritage Oil

Research on the findings on the financial stakeholders of the companies Dominion Petroleum (United Kingdom) and Heritage Oil (Canada). These two small oil and gas companies are active in exploring in a key conservation area in Tanzania.

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Trends in the financing of four sensitive sectors
Strategic analysis of the financing trends in four sensitive sectors: mining, dams, oil and gas and the weapons industry.

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The financing of Canadian oil sands exploration and production
Research into the financing of oil companies active in exploration and production of Canadian oil sands.

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German financial institutions and oil & gas in Africa and the former Soviet Union
Study on the involvement of German financial institutions in the financing of oil- and gas companies in Africa and the Former Soviet Union.

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The financing of the Kashagan project
Study on the financing of the Kashagan oil production project in the Caspian Sea.
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Investments in Sudan
Opinion article written with Frans Bieckmann (The Broker) on the political and economic options to put pressure on the regime in Sudan to achieve a lasting and fair peace in Darfur.

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The financing of companies violating human rights
Study on the involvement of financial institutions in the financing of companies which violate human rights or labour rights, or which are doing business with oppressive regimes.
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The financing of the three Brantas PSC companies
Study on the banks which could influence the three oil companies that caused the mud stream that has been overflowing Sidoarjo on eastern Java (Indonesia) for more than a year.
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Financing of some controversial companies by Dutch banks
Quick scan on the financing of some controversial companies, weapons producers and companies seriously polluting the environment, by Dutch banks.

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Assessing climate impacts of Dutch banks
Study on the investments by Dutch banks in producers of oil, gas and coal and in renewable energy sources.
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French bank financing of the international oil, gas and coal production sectors
Study into the investments by French banks in the production of fossil fuels.
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Involvement of Credit Suisse and UBS in the global mining and oil & gas sectors
Research on the financing activities of the two largest Swiss banks in worldwide extractive industries.
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The financing of Petrobras Energía and Teikoku Oil
Study on the financing of the Brazilian company Petrobras and the Japanese company Teikoku Oil.

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New lending rule helps protect our environment
Letter to the editor of the Indonesian newspaper Jakarta Post; in cooperation with Fitrian Ardiansyah (WWF Indonesia)

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The role of the Dutch government in fossil fues projects of multilateral banks
Research on the role of the Dutch government with respect tot fossil fuel exploitation financed by multilateral banks.

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WestLB and the Russian oil industry
Research for the WDR documentary "Die Sibirien-Connection - Eine Staatsbank macht in Öl", on the involvement of the German bank WestLB in the financing of the Russian oil industry.

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Handbook Commodities for Indonesian NGOs

Handbook developed for Indonesian NGOs, with respect to breaking the 'commodity curse'

Indonesian title: Kutukan Komoditas - Panduan bagi ORNOP Indonesia

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Gas from the Dutch Waddenzee: quick or postponed winning?
Research on the effects of the extraction of natural gas in the Dutch Waddenzee.

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Principles, Profits or just PR?
Analysis of the controversial projects in which the banks which undersigned the Equator Principles were involved in the past year, or in which they could get involved in the near future.
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Controversial projects (to be) financed by banks which signed the Equator Principles
Study on the activities of banks that have signed the Equator Principles, but nevertheless finance non-sustainable projects.
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The Kashagan oil project
Study on the controversial oil winning project Kashagan in Kazachstan.

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The financing of the Baku-Tbilisi-Ceyhan project
Research into the financing of the controversial Baku-Tbilisi-Ceyhan (BTC) oil pipeline from Azerbaijan to Turkey.
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The financing of the Camisea project
Research into the financing of the Camisea natural gas exploration project in the Peruvian Amazone.
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The financing of the OCP pipeline in Ecuador
Research into the financing of the OCP oil pipeline from the Ecuadorian Amazone to the coast.
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The financing of IHC Caland
Research into the financing by banks and government subsidies of offshore company IHC Caland.

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Europe and the leaking of natural gas in the Russian Federation
Research into Europe and the leaking of natural gas in the Russian Federation.

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Flaring and venting of associated gas in the Russian Federation
Study on the flaring and venting practices of the Russian oil industry, and its effects on the natural environment.

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Duch support for the World Bank financing the oil, gas and mining sectors?
Discussion note, titled: Fuelling the debate - Should the Netherlands support World Bank financing of the oil, gas and mining sectors?

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The Netherlands and the Russian oil and gas sector
Research into the Dutch interests in the Russian oil and gas industry.

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Sector Case Study: Oil and gas exploitation in Siberia
Article for Focus on Finance about oil and gas exploitation in Siberia.
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Gas and oil from Siberia
Study on the Siberian oil and gas industry.

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Adapting to new realities - An appraisal of different strategies in the European gas market
Article in the Petroleum Economist, by Jan Willem van Gelder, founder and director of Profundo.
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The dark side of gas from the Dutch Waddensee
Research into the negative impact of exploitation of natural gas from the Dutch Waddensee.

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The value of natural gas from the Waddenzee
Contribution to the cost benefit analysis of the exploitation of natural gas in the Dutch Waddenzee.

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Flaring, venting and leakages of natural gas in OPEC- and FSU-countries
Research into the flaring, venting, and leakeges of natural gas in OPEC and FSU countries, and the effects hereof on the natural environment.

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Flaring of gas with the production of oil
Research on the environmental effects of gasflaring at oil exploitation activities.

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The ecological dislocation of the Niger delta
Report on the role of Shell and the other oil & gas companies in the ecological problems in the Niger Delta (Nigeria).
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