. A staggering three million hectares of forest in Indonesia and Malaysia have been cleared to make way for oil palm during the past 15 years, and 50–60 per cent of all oil palm expansion in the two countries has occurred at the expense of natural forests. The two countries account for 85 per cent […]
A briefing on how leading bank HSBC is bankrolling unsustainable plantation expansion which is systematically destroying forests crucial to the survival of the Bornean orangutan and other endangered species. .
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 […]
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 […]
LONDON & WASHINGTON, DC: The poaching of rhinos in South Africa has increased by more than three rhinos a week on average since Environmental Minister Edna Molewa called for a legal international trade in rhino horn, according to analysis by the non-profit Environmental Investigation Agency (EIA). From January 1 to March 13,2013, an average of […]
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 […]