Major European banks and investors are backing Glencore’s toxic mining activities in Colombia and Peru. This is according to a new report by Fair Finance International, Oxfam, CooperAcción, Cinep and Censat. The report reveals that nearly 50 percent of loans and underwriting to Glencore over the last six years came from European banks like UBS and Société Generale, amounting to 41.2 billion euro.
