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SOMO

SOMO is a critical, independent, not-for-profit knowledge centre on multinationals.

The Centre for Research on Multinational Corporations (SOMO) is an independent, not-for-profit research and network organisation working on social, ecological and economic issues related to sustainable development.

21/07/2026

The Kichwa People of Puerto Franco have been seeking justice since 2020 for the loss of their ancestral territory to the Cordillera Azul National Park and its carbon offsetting project.

The project has reportedly generated and sold millions of carbon credits to large international companies, while failing to meaningfully involve the Kichwa People.

The community argues a lack of participation, transparency, and respect for key rights protections, including the right to prior consultation.

Last week, Peru’s Constitutional Court heard their case. ⚖️

In the coming weeks, the Court is expected to issue a decision that could set an important precedent:

Carbon offsetting projects cannot override Indigenous territorial rights, self-determination, consultation, and free, prior, and informed consent.

AIDA and SOMO submitted a joint amicus curiae brief in support of the Puerto Franco community’s claims.

Read more: link in bio.

15/07/2026

Who’s really benefiting from EU’s digital sovereignty plans? 🧐

Short answer: US Big Tech companies and investors!

Behind the sovereignty narrative hides a system that risks giving US companies even more power and control.

The EU is proposing fast-tracking zones across all Member States to triple the number of data centres.

Our analysis shows that those data centres will remain largely owned by and serving US companies, while draining European resources and escaping public scrutiny.

The EU needs to rethink how many data centres it needs and who controls them ⚠️

Ultimately, the key questions are:

- Who owns them?
- Who profits from them?
- Whose interests do they serve?

Read our analysis via the link in bio.

13/07/2026

The energy transition cannot be built on injustice.

The pressure to extract minerals for green technologies, AI and military purposes has increased dramatically, entrenching historical extractive patterns.

As demand for critical minerals rises, extraction and deal-making are outpacing protections and governance.

Communities, Indigenous Peoples and the environment are left to pay the price, while mineral-producing countries reap little benefit.

Ahead of tomorrow’s UN High-Level Meeting on Critical Energy Transition Minerals, we joined more than 110 organisations calling on Member States to build mineral supply chains rooted in justice, equity, rights and accountability.

It’s time to agree on targets for reducing mineral use. This is crucial to drive the economic transformation needed for a more equitable and efficient use of resources, reducing pressure on people and the planet and lessening dependence on raw-material extraction.

📄 Read the full letter (link in bio).

30/06/2026

🚨 Breaking: Israeli companies invest more in the Netherlands than in any other country.
Nearly four times the amount invested in the US. 
Our new investigation out today reveals how The Netherlands became Israel’s investment clearing house. 
Many of these investments are from companies that use the Netherlands as a conduit for their international investments. 
Could it be because the Dutch system allows corporations to avoid taxes when they invest in other countries via the Netherlands, often using letterbox companies? 
None of this is accidental: it’s the result of Dutch policy.
 
The Dutch government must use its economic leverage over Israel to save lives ⚠️ 
🔗 Full investigation via the link in bio.

25/06/2026

Shell knowingly spent years polluting the Niger Delta through a leaky oil pipeline. But it didn’t stop there.

The oil giant shamelessly sold the leaky pipeline to another company, and continued profiting from it. 🤢

Here is what happened:

For years, Shell pumped oil through the Nembe Creek Trunk Line (NCTL), a 97 km pipeline in the Niger Delta that it knew was riddled with leaks. The impact on the surrounding environment was devastating.

After a review of its operations in Nigeria in 2013, it appears to have found a « solution » to its leaky pipeline problem: making it someone else’s problem.

So in 2014, Shell sold the pipeline and the oil fields it served to newly created companies.

Shell sold them as ‘working assets’, which means it knew the new buyers would continue to pump oil through the NCTL... and the environmental devastation would continue too.

Aiteo Eastern, the company that bought the pipeline, had to borrow US$ 2 billion from a consortium of lenders. Guess who was one of the lenders?

Yes, Shell. 🤑

And while Shell continued profiting from the pipeline, the buyers faced debt and operational problems.

Full analysis via the link in bio.

23/06/2026

The EU is fast-tracking mining projects in the name of the energy transition, competitiveness, and supply security.

But as the first legal challenges against these projects emerge, communities and civil society organisations warn that environmental protections and public scrutiny are being sidelined.

In our new piece, we explore learnings from those first legal challenges against projects under the EU’s new critical minerals framework - the Critical Raw Materials Act.

Their experiences show that public pressure, cross-border solidarity and collective action will be crucial to challenge the threats posed by mining projects.

They also point to a broader question: as demand and competition for critical minerals continue to rise, can Europe build a truly resilient transition by simply mining faster?

Read the full piece: (link in bio)

18/06/2026

European policymakers can’t keep ignoring Nvidia’s massive power over AI infrastructure 🚨

By heavily investing in AI companies, the US big tech giant is sustaining the very demand for its products, while embedding itself more deeply in the AI ecosystem.

And it’s using tricks and workarounds to access key talent and technologies without acquiring the target companies.

The result? It avoids merger scrutiny. 🧐

The EU cannot achieve digital sovereignty if the infrastructure underpinning its AI systems is controlled by a single US company.

Our recommendations for policymakers:

- Better scrutinise deals and prevent bypasses by using existing regulatory and competition tools
- Use existing frameworks, including public investment, to support credible alternatives for the public interest
- Accompany public funding with democratic oversight.

Full piece via the link in bio.

17/06/2026

Will you be at London Climate Action Week?

Join us for a discussion on how legal avenues can help make fossil fuel companies pay for the impacts of their historical pollution. We’ll explore legal avenues ranging from compensation for case-specific environmental damage to legal theories for full reparations.

📅 Wednesday, June 24, 10:00-11:30 am
📍 Green House (room D), 244-254 Cambridge Heath Rd, Cambridge Heath, London E2 9DA

Opening remarks:
- Olivia Lunn, Legal and Financial Researcher, Polluter Pays Project

Speakers:
- Stephen Bilko, Senior Associate Solicitor,
- Meghna Abraham, Director, Future Economy Incubator
- Florencia Ortúzar Greene, Climate Program Director,
- Audrey Gaughran, Executive Director, SOMO

Moderator:
- , co-Founder, School of Organising

Co-hosted by: SOMO and Polluter Pays Project

Register (link in bio)

16/06/2026

Most Dutch workers probably don’t know that their pension money is allowing US asset managers like BlackRock to shape the future of Europe’s largest companies. 🚩

And this power isn’t being used to support ambitious climate goals.

BlackRock’s promise of long-term climate ‘stewardship’ clashes with its voting record, which rarely challenges companies’ climate decisions, despite the consequences for Europe’s future.

If Europe wants greater control over its economic future, it must reclaim its influence.

Read our blog (link in bio)

12/06/2026

This is ING’s glossy facade. 🚩

As Elon Musk’s SpaceX went public this week, ING was one of the banks involved in the initial public offering (IPO).

Can a bank pretend it cares about sustainability and invest in SpaceX? 🤔

Meanwhile, SpaceX is tricking the system to get away with a fantasy valuation.

SOMO researchers Joseph Wilde-Ramsing and Boris Schellekens uncover ING’s dubious role in SpaceX’s IPO (link in bio).

*Post based on an adapted version of an op-ed originally published in Dutch in Het Financieele Dagblad (FD) on 11 June 2026.

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