Cases / Insurance, liability and compensation funds · Nauru · date not stated
Nauru's phosphate fund falls from US$1.3 billion to US$0.3 billion
Short record: the main facts, with sources. A full case file has not been prepared.
Nature's voice · report
No measurement of the harm done to me here is on record.
Did nature suffer? Not measured.
Not on record
- The record does not name which of my species, waters, soils or forests were harmed.
Nauru's phosphate fund fell from US$1.3 billion to US$0.3 billion, an April 2021 Devpolicy article reported. The sources reviewed do not say how the decline happened.
What?
Nauru's phosphate fund fell from US$1.3 billion to US$0.3 billion. Devpolicy
Where?
Nauru Devpolicy
When?
Reported April 2021; the years of decline are not stated. Devpolicy
Who?
Gained
None on recordLost
- Nauru — Phosphate fund value fell from US$1.3 billion to US$0.3 billion Devpolicy
Harmed
None on recordWhy?
Not stated in the sources reviewed.
How?
The sources reviewed do not describe how the fund declined.
6 of 6 questions answered from the record
What happened
The record, in order.
Devpolicy reported in April 2021 that Nauru's phosphate fund had fallen from US$1.3 billion to US$0.3 billion.
In court and with insurers
Every proceeding and every insurer decision on record.
Lawsuits and rulings
No court case on record. No court has ruled on this case.
Insurers
No insurer decision on record.
What we don't know
Undisclosed, unproven, untried: recorded as data.
Nature
- Not measured Harm to nature: The record holds no measurement of harm to nature.
Record
- None on record The sources reviewed do not give the causes of the decline, the years over which it happened, or how the money was spent.
- Unclear Whether any part of the fund has been restored is not stated.
- None on record The date of the US$1.3 billion starting value is not given.
Did the harm stop?
Not stated in the sources reviewed.
Who paid?
Not stated in the sources reviewed.
Sources
Voices on record: — Company or project— Government and regulators— Courts— Press and investigations— Communities and civil society✓ Researchers
Researchers
- Nauru: riches to rags to richesDevpolicy · 2021-04
Connected cases
Related matters, and cases linked to this one through the same organisations, with the role each played in both.
- Nauru and Banaba phosphate mining compensation Nauru · 1920–1993 Related matter
- Government of Nauru (Government) — here: Country whose phosphate fund declined; there: Recipient of the settlement payments
- Bikini Atoll resettlement trust fund Marshall Islands · 1946–2024 Related matter
- Deep-sea mining: TMC, NORI, the NOAA permit and the ISA International waters (Pacific Ocean) · 2022–2026
- Government of Nauru (Government) — here: Country whose phosphate fund declined; there: Sponsoring state of NORI