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News: Forest Governance

China’s furniture craze drives Siam rosewood to extinction

China’s luxury furniture craze steeped in blood & driving Siam rosewood to extinction   BANGKOK: Precious Siamese rosewood has been illegally logged to the brink of extinction in the Mekong region to feed a voracious demand for luxury furniture in China which leaves a bloody trail of death, violence and corruption in its wake. Released […]

Flawed court case highlights failings of legal timber system

.. . . . . The shockingly lenient verdict handed down by a West Papua court to a police officer charged with illegal logging, fuel smuggling and money laundering is an appalling indictment of Indonesia’s utter failure to tackle corruption within the forestry sector and the strongest evidence of a cover-up that the Environmental Investigation […]

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 […]

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