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 […]
. 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 […]
Report exposes illegal activities and enforcement failings in Kalimantan LONDON: Systemic law enforcement failings threaten to make a mockery of Indonesia’s pledge to reduce deforestation and carbon emissions by enabling plantation companies to destroy carbon-rich peatlands with impunity, a report released today reveals. Testing the Law, jointly produced by the London-based Environmental Investigation Agency […]
A report highlighting the criminal activities of an oil palm plantation company operating in Kalimantan, Indonesia, and the failures of various levels of government to properly investigate and prosecute. Download Testing the Law in Indonesian here. Read the original dossier submitted to the Indonesian authorities, in English and in Indonesian.