Bloodhound's comment on letter by Ian and Lukas Lundin: oil was not good for development in Sudan

14th April 2012.

In an open letter published on the 18th March 2012 in the Swedish newspaper Dagens Nyheter, Lundin directors Ian and Lukas Lundin defend their policy of investing in countries at war, with the claim that oil is good for development and therefore helps local people. A report by the European Coalition on Oil in Sudan (ECOS) in 2010 demonstrates that this was very far from the reality in Sudan where some 160,000 people were driven off their land when Lundin explored for oil there. Furthermore, research by Bloodhound and published in the Swedish newspaper Aftonbladet shows that much of the massive increase in foreign exchange earnings by the government of Sudan was used on the civil war.

Read the article in Swedish newspaper Aftonbladet.

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