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Palm Giant Musim Mas Commits to Stop Trafficking Conflict Palm Oil

Rainforest Action Network says real action now needed to truly halt deforestation in supply chain FOR IMMEDIATE RELEASE Thursday, December 4, 2014 CONTACT: Laurel Sutherlin, Laurel@ran.org (U.S. +1.415.246.0161) San Francisco, CA - Rainforest Action Network (RAN) responded today to the new palm oil commitment released by Musim Mas Group by calling on the company to turn its new pledge into real action by demanding that all of its suppliers halt deforestation immediately.   Musim Mas’ close connection to Conflict Palm Oil was recently exposed in a report released by RAN titled,The Last Place...

Controversial Palm Oil Stock Offering Hides Serious Environmental, Financial Risks

Indonesian firm BW Plantation’s (BWPT) $900M share rights offering rife with concerns over labour rights, wildlife and deforestation.  FOR IMMEDIATE RELEASE CONTACT: Laurel Sutherlin, 415.246.0161, Laurel@ran.org Indonesian palm oil firm BW Plantation (BWPT) approved last week a USD $900 million share rights offering in a bid to finance its merger with Green Eagle Holdings (GEH). New stock not purchased by existing shareholders will be traded on the Jakarta Stock Exchange (IDX) from Monday December 8. Already lagging behind its competitors who have committed to zero deforestation policies, BWPT has failed to declare to investors the serious environmental,...

Forests and Finance: New Cash for Conflict Palm Oil

RAN briefing finds pending $900 million deal threatens forests, peatlands and communities across Indonesia. Indonesian palm oil firm BW Plantation (BWPT) approved last week a USD $900 million share rights offering in a bid to finance its merger with Green Eagle Holdings (GEH). New stock not purchased by existing shareholders will be traded on the Jakarta Stock Exchange (IDX) from Monday December 8.  RAN released a briefing note, available here, on the controversial deal today, alerting investors to poorly disclosed Conflict Palm Oil risks. The deal expands BWPT's holdings from just under 100,000 ha...

RAN Responds to Palm Oil Giant KLK’s Sustainability Pledge: ‘Actions Speak Louder Than Words’

FOR IMMEDIATE RELEASE Tuesday, December 2, 2014  CONTACT: Laurel Sutherlin, 415.246.0161 Laurel@ran.org San Francisco, CA - Malaysian palm oil giant Kuala Lumpur Kepong (KLK), one of the most controversial of the major players in a controversial industry, has just released a ‘sustainability policy.’  Rainforest Action Network’s senior forest campaigner Robin Averbeck issued the following statement in response.  "Actions speak louder than words. KLK is currently involved in active conflicts with multiple communities resisting palm oil plantation development on their territory, including in Collingwood Bay, Papua New Guinea, and Grand Bassa County, Liberia. In both cases, local communities are opposing palm oil expansion by KLK on their customary lands and have filed formal complaints against the company with the industry certification body, the Roundtable on Sustainable Palm Oil (RSPO). The resolution of these cases to the satisfaction of local communities will be seen as a critical test of KLK's commitments. "Labor abuses, including use of...

15 Stunning Photos from The Last Place on Earth

The Leuser Ecosystem, one of the most important rainforests in Southeast Asia, is being destroyed for massive industrial development including the expansion of palm oil plantations. Everyday important sections of this precious ecosystem are being systematically cut down, pushing rare species like Sumatran orangutans, elephants...

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