BankTrack is the international tracking, campaigning and civil society support organisation focused on commercial banks and their finance.
We aim to stop banks from financing harmful business activities and promote a banking sector that contributes to just societies and a healthy planet. About BankTrack. These plans are a cause for concern due to the impacts that the additional plantations will have, the impacts of the effluents that will be discharged in the relatively small Rio Negro and the social impacts, inlcuding strengthening the rural exodus.
UPM signed a controversial agreement with the government of Uruguay which action groups have challenged as being unconstitutional, due to the high investment commitments the government makes, without any approval by congress. This mill would have a capacity of 1.
UPM will decide in if it proceeds with the investment or not. It also includes reforming labour laws, setting up a free trade zone, make legislative changes to facilitate the licensing process, and letting UPM influence the curriculum of University courses.
Critics of the project say the contract is unconstitutional as it was not submitted to parliament for approvale, and they say it is highly detrimental to the Uruguayan people and its environment and therefore call for the contract to be revoked UPM2No. This included the 1. The pulp mill, inaugurated in , was the target of massive protests and caused a diplomatic conflict between Uruguay and Argentina which was brought to the International Court of Justice ICJ.
