Tax Havens Shelter Illegal Fishing and Amazon Deforestation, Study Finds
A first-of-its-kind study published Monday shows that tax havens don't just shelter the wealth of celebrities and large corporations—they also obscure the financial transactions behind environmental destruction.
The study, published in Nature Ecology and Evolution by the Stockholm Resilience Centre at Stockholm University and Global Economic Dynamics and the Biosphere (GEDB) at the Royal Swedish Academy of Sciences, found that 70 percent of vessels involved in illegal fishing were registered in tax havens and that 68 percent of the foreign capital transferred to sectors involved in the deforestation of the Brazilian Amazon was moved through tax havens.
"Our analysis shows that the use of tax havens is not only a socio-political and economic challenge, but also an environmental one. While the use of tax haven jurisdictions is not illegal in itself, financial secrecy hampers the ability to analyse how financial flows affect economic activities on the ground, and their environmental impacts," lead study author Victor Galaz said in an email.
The study is part of a longer term investigation by the institutions involved called "Earth System Finance: New perspectives on financial markets and sustainability."
The researchers say they are the first to look at the relationship between tax havens and environmental destruction on a systemic level.
"The absence of a more systemic view is not surprising considering the chronic lack of data resulting from the financial opaqueness created by the use of these jurisdictions," GEDB executive director and study co-author Beatrice Crona said in an email.
Monday's paper focused in on illegal fishing and the financing of the beef and soy sectors in the Amazon, which are both linked to deforestation.
While 70 percent of fishing vessels involved in illegal, unregulated and unreported (IUU) fishing either are currently or have been registered under the laws of countries that are also tax havens, only four percent of fishing vessels total are "flagged" or registered in these countries. IUU vessels were most often flagged in Belize and Panama in particular.
Further, tax havens often double as "flag of convenience" countries that do not penalize vessels flying under their flag if they are implicated in breaking international law.
In the case of the Amazon, the researchers found their 68 percent figure by looking at how nine beef and soy companies operating in the Brazilian Amazon received foreign funds between October 2000 and August 2011. Some companies received as much as 90 to 100 percent of their foreign capital through tax havens.
The study also represents the first quantification of the flow of foreign investments into the Brazilian beef and soy sectors and found that most of these transactions happened through the Cayman Islands.
The researchers concluded with three recommendations for how the international community should respond to the study's findings.
First, the loss of revenue due to the use of tax havens should be considered an indirect subsidy of economic activity that harms the environment.
Second, environmental organizations like UN Environment should calculate the ecological cost of these unofficial subsidies.
Third, tax evasion should be viewed as an environmental problem as well as an economic and political one.
Taxpayers Still Shelling Out Billions Annually in Fossil Fuel Subsidies https://t.co/TY5gpcctOv @GoFossilFree @350— EcoWatch (@EcoWatch)1528147505.0
In a dramatic rescue captured on camera, a Florida man ran into a pond and pried open an alligator's mouth in order to rescue his beloved puppy, all without dropping his cigar.
- 'He had green eyes': Florida man will paint alligator that attacked him ›
- Florida alligator attack: A woman was attacked by a 10-foot alligator ... ›
- Weird presidential pets include alligator, tiger cub, dog named Satan ... ›
- Alligators make terrible pets: 'You're basically dealing with a dinosaur.' ›
EcoWatch Daily Newsletter
Jean-Marc Neveu and Olivier Civil never expected to find themselves battling against disposable mask pollution.
When they founded their recycling start-up Plaxtil in 2017, it was textile waste they set their sights on. The project developed a process that turned fabrics into a new recyclable material they describe as "ecological plastic."
Mounting Piles of Waste<p>It is not only the streets of Chatellerault where pandemic pollution is piling-up, but also the world's beaches and oceans. Once there, they can take up to 450 years to degrade and disappear.</p><p>Esther Röling, co-organizer of the annual Adventure Clean Up Challenge held on Hong Kong Island, has seen this waste firsthand. In October the sports challenge pitted teams against one another in a competition to remove trash from 13 hard-to-reach coastal areas around the city.</p><p>They find tons of both disposable and reusable masks, said Röling. "You wonder how it ended up there. Was it just thrown on the ground? Or was it in a garbage bag that broke open?"</p><p>Almost 10,000 kilometers away in Antibes on the sunny French Riviera, it's a similar picture. For the past few months, divers and clean-up volunteers working with an ocean clean-up non-profit called Operation Mer Propre have been collecting an increasing number of masks found on land and in the sea.</p><p>"Since the beginning of the lockdown when we started to count, we've reached 800, 900, [and now in total] 1000 masks," said co-founder Joko Peltier. </p><p>According to <a href="https://unctad.org/news/growing-plastic-pollution-wake-covid-19-how-trade-policy-can-help" target="_blank">UN estimates</a>, up to 75% of all coronavirus-related plastic could end up as waste in oceans and landfills.</p>
The Limits of Recycling<p>Yet not all are convinced the recycling of this waste is possible on a global scale. </p><p>"What those citizen groups are doing is really beneficial but once they collect it, it should just go to a landfill or an incinerator. They shouldn't necessarily expect it to get recycled," said Jonathan Krones, an industrial ecologist and visiting assistant professor of environmental studies at Boston College.</p><p>That's because mask recycling programs like Plaxtil are few and far between and most don't have the benefit of a readily adaptable production process. </p><p>Even in countries with solid recycling infrastructure, he says, the system is designed to separate out specific types of waste like bottles or cardboard.</p><p>"I imagine that it would be technically feasible to develop a separation process to filter out masks, but there simply aren't enough of them to make that economical," he said.</p><p>Collection is a big hurdle, he adds. Since each mask only weighs a fraction of a gram and they're scattered on roads or mixed with other trash, it is difficult and costly. </p><p>"You need a lot of raw material of the right quality to make investing in the recycling technology and the recycling system worthwhile," he said.<span></span><br></p>
Hemp, Sugar Cane and Sustainable Alternatives<p>Some projects are instead addressing the material used to make masks.</p><p>French company Geochanvre have created a mask made primarily from hemp, while in Australia, researchers at the Queensland University of Technology are experimenting with a disposable product made from agricultural waste. </p><p>Biodegradable options are exciting alternatives to reduce the fossil fuels needed for the creation of plastic-based masks, said Krones, but they don't absolve the wearer from the responsibility of what happens afterwards. </p><p>Bio-based masks often need their own composing solutions, he explains, because in landfill they can produce high amounts of the greenhouse gas methane when anaerobic bacteria feeds on the organic material. Methane is known to be significantly more potent than carbon dioxide.</p><p>"I think as long as we have in our mind that we want to have disposability, we're going to have to wrestle with a variety of different sorts of environmental tradeoffs," he said, adding that reusable, fabric masks are the best option available to most people.</p><p>Precimask is developing a clear face covering with an optional visor made from hard plastic, designed to be long-lasting.<br></p><p>Air enters either side of the cheeks through a technology normally found in pool filters and car exhaust systems, said company spokeswoman Juliette Chambet.</p><p>"We wanted to make ceramic-based filters that would be washable and cleanable, which would allow them to be reused as many times as desired without having to buy a new consumable or produce waste," she said. </p><p>Ultimately, encouraging mask wearers to think about the entire lifecycle of a mask is key, explains Neveu. </p><p>"We want people who put on the masks to realize that they are also responsible for the waste, he said. "It's not inevitable that this [pandemic] will become an environmental catastrophe.</p><p><em>Reposted with permission from </em><em><a href="https://www.dw.com/en/covid-19-recycling-pollution-trash-pandemic/a-55707817" target="_blank">Deutsche Welle</a>.</em><a href="https://www.ecowatch.com/r/entryeditor/2649032193#/" target="_self"></a></p>
- Coronavirus Plastic Waste Polluting the Environment - EcoWatch ›
- Scuba Divers Make Face Masks out of Recycled Ocean Plastic ... ›
By Bret Wilkins
In a year in which the United States has already suffered 16 climate-driven extreme weather events causing more than $1 billion in economic damages, and as millions of American workers face loss of essential unemployment benefits due to congressional inaction, a report published Monday reveals the Trump administration has given fossil fuel companies as much as $15.2 billion in direct relief — and tens of billions more indirectly — through federal COVID-19 recovery programs since March.
- 'We Need People's Bailout, Not Polluters' Bailout': Climate Groups ... ›
- Corporate Polluters Have Received Tens of Millions in PPP Loans ... ›
- Trump Bails Out Oil Industry, Not U.S. Families, as Coronavirus ... ›
- Former Federal Reserve Governor Rebukes Fed for Fossil Fuel Bail ... ›
By Ashia Aubourg
As Thanksgiving approaches, some Indigenous organizations and activists caution against perpetuating further injustices towards Native communities. Indigenous activist Mariah Gladstone, for example, encourages eaters to celebrate the harvest time in ways that do not involve stereotypes and pilgrim stories.
- Why Face Masks Belong at Your Thanksgiving Gathering + 7 Things ... ›
- Reasons to Be Thankful — 8 Food and Farm 'Good News' Stories ... ›
- Why I'm Going to Standing Rock for Thanksgiving - EcoWatch ›
By Alex Middleton
Losing weight and reducing fat is a hard battle to fight. Thankfully, there are fat burner supplements that help you gain your target body and goal. However, how would you know which supplement is right for you?