Justifying blood money
To determine how it was possible for Lundin to conduct its oil exploration activities in such a risky and morally questionable environment, Bloodhound has conducted a detailed investigation of Lundin’s communications to shareholders, investors and the media during 1997-2003. This demonstrates a wide difference between Lundin’s statements on the human rights and security situation in its oil concession compared to that presented by human rights and aid groups, journalists, United Nations special rapporteurs and the Canadian government. The report finds evidence that the information presented by the company on the situation in Block 5A fell far short of that required by shareholders and investors to properly assess the financial and ethical risks associated with making an investment in an active war zone. Bloodhound therefore demands the Swedish Financial Supervisory Authority Finansinpsektionen to conduct an open investigation into whether Swedish stock market disclosure rules were contravened by Lundin’s omissions and communications regarding the situation in their Block 5A licence in Sudan during 1997-2003.
- Database Search
- Unpaid Debt A comprehensive overview of the role of the Lundin Consortium in the oil war. ECOS calls upon the Swedish, Austrian and Malaysian governments to investigate whether, as a matter of international law, Lundin, OMV and Petronas 'were complicit in the commission of war crimes and crimes against humanity by others during the period 1997-2003.’ In response, the Swedish Public Prosecutor for International crimes opened a criminal investigation into ‘links between Sweden and the reported crimes’.
- In Depth For more specific information about the Lundin court case please visit the Unpaid Debt dossier.
