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News: Forest Governance

Ex-kingpin’s palm oil threat to orangutans & investors

Former timber theft kingpin’s palm oil firm a threat to orangutan habitat – and investors   LONDON: Potential investors should steer clear of a US$90 million initial public offering (IPO) in an Indonesian palm oil company due to the involvement of a former illegal logging kingpin and the potential impact on precious orangutan habitat, the […]

EIA alert: timber shipments from Burma to the EU

Companies in the European Union could fall foul of the European Union Timber Regulation (EUTR) by importing timber from Myanma/Burmar. The EUTR, which came into force in March this year, prohibits traders from placing on the EU market timber which has been harvested or exported illegally from the country of origin. The regulation requires traders […]

HSBC bankrolls deforestation, pushing orangutans to brink

HSBC loans drive deforestation and push orangutans & endangered species to the brink LONDON: High Street giant HSBC is bankrolling the destruction of rainforests essential for the survival of Bornean orangutans and other endangered species. A new report released today by the London-based Environmental Investigation Agency (EIA), Banking on Extinction, reveals that despite adopting polices […]

Indonesia timber law a test of resolve to root out corruption

LONDON: As Asia’s first-ever Voluntary Partnership Agreement (VPA) to combat illegal logging was signed into law today (September 30, 2013), the London-based Environmental Investigation Agency (EIA) cautioned that it would also serve as a test of official resolve to stamp out serious corruption in Indonesia’s forest sector. The historic timber trade agreement was formally initialed […]

Probe into timber-smuggling cop’s US$1m ‘gifts’ to police

LONDON: The London-based Environmental Investigation Agency (EIA) today welcomed a legal probe by Indonesia’s national anti-corruption agency into million-dollar payments by a rogue cop-turned-timber smuggler to local, regional and national police officials. The announcement follows revelations that mid-ranking Papua police officer Labora Sitorus transferred about US$1 million (10 billion Indonesian rupiah) in multiple payments to […]

Corruption, bloodshed and death – the curse of rosewood

“We cannot live without forests. People will have to be in symbiotic relationship with the forests. When people preserve the forests, the forests will give back to people. The relationship between people and forests are interdependent.” Queen Sirikit of Thailand – May 26, 2000  . . This summer I’ve had the opportunity to visit some […]

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