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
A new report released today by EIA reveals that despite adopting polices to keep it from financing deforestation, UK bank HSBC is nevertheless a leading financier of the palm oil industry – and provides loans worth hundreds of millions of dollars to some of its worst elements
As Asia’s first-ever Voluntary Partnership Agreement (VPA) to combat illegal logging was signed into law, 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 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
As UN trade restrictions on endangered Siam rosewood come into effect, EIA warned the future of the species relies on range states and key user countries delivering on their protection obligations. EIA played a key role in supporting the Thai and Vietnamese governments efforts to secure CITES protection for the species
A video of illegal logging operations in the ecologically outstanding Raja Ampat Islands of West Papua has today been released by environmentalists following the arrest of rogue Indonesian cop-turned-smuggler Labora Sitorus, who financed and coordinated timber theft on a huge scale