September 07, 2016
Bloomberg: Banks Blanketed in Haze They Helped Finance
That’s the message behind a new tool tracing more than $50 billion in financial flows to palm oil, pulp and paper and other products linked to tropical deforestation in the region.
“It’s certainly ironic,” Tom Picken, who directs Rainforest Action Network’s forests and finance campaign, said Sept. 6 from Singapore, where smokey skies from plantation land-burning have become a regular fixture. RAN created the tool with civil society group TuK Indonesia and Dutch consultancy Profundo. (read more)