“Till the last drop of our blood, we will not allow POSCO to do their project. We will be dying there. We will not be displaced. This is our life, we have been there for centuries, we won’t easily be displaced.” – Resident of Dhinkia village
Eight UN Special Rapporteurs have issued a press release urging the immediate cessation of POSCO’s project in Odisha, India. The UN experts stressed that “the construction of a massive steel plant and port in Odisha by multinational steel corporation POSCO must not proceed as planned without ensuring adequate safeguards and guaranteeing that the rights of the thousands of people are respected.” While experts called on the government of India “to live up to its ‘duty to protect’ and suspend the POSCO project”, they also made clear that POSCO has a responsibility to respect human rights and urged the corporation to exercise human rights due diligence. In addition, the Special Rapporteurs recommended that the Republic of Korea, where POSCO is based, “take measures to ensure that businesses based in its territory do not adversely impact human rights when operating abroad.”
For more information:
- Read the Price of Steel, a report by ESCR-Net & IHRC
- View Investing in Abuse, a video documenting the human rights impact of the POSCO project
- Read Bank Track’s Dodgy Deal Profile on POSCO
- See Related Media
Bank Track is a global network of civil society organizations and individuals tracking the activities of the private financial sector and its effect on people and the environment. Bank Track’s profile on POSCO’s integrated steel project in India features information on the project’s history, its adverse impacts on society, the financial institutions involved, and links to various media outlets. View POSCO’s Dodgy Deal profile here.