11 May 2014
Every second, poor countries lose an area of land the size of a football pitch to banks and private investors. Most land deals take place in countries with serious hunger problems - yet investors often intend to export everything produced on the land. Poor families are often evicted from their homes without fair treatment or compensation.
Oxfam’s research in developing countries shows that Australia’s Big 4 Banks — the ANZ, CBA, NAB and Westpac — have invested in agricultural and timber companies accused of land grabs. This is leaving communities homeless and hungry and placing poor communities at risk.
Oxfam Australia is calling on the Big 4 Banks to show Zero Tolerance for Land Grabbing and:
Understand and report on their exposure to deals that could cause land grabbing
Adopt a public policy of Zero Tolerance for Land Grabbing
Advocate in the finance sector for responsible lending practices to address land grabbing
Ensure justice and restitution for the communities already affected by land grabbing.
Visit the website to sign the petition.