Mongabay: Asian banks give billions to firms linked to deforestation, study finds

“Industries that cause the loss of rainforest and peatlands in Southeast Asia were bankrolled to the tune of $62 billion between 2013 and 2018, according to new data released by theĀ ForestsĀ and FinanceĀ campaignĀ of the Rainforest Action Network (RAN).

Chinese, Japanese, Indonesian and Malaysian banks were the biggest funders of so-called forest risk activities and were least likely to have internal policies that restricted damage to the environment from the activities they funded, RAN concludes.” (Read More)