Sampoerna Agro: Indonesian Palm Oil producer fined for rainforest destruction

 Für Palmöl gerodeter Regenwald, Quelle: flickr, © H Dragon | Bild (Ausschnitt): © Hayden [CC BY 2.0] - flickr

In a court decision of August 2016, the Indonesian court in Jakarta sentenced the Indonesian palm oil producer Sampoerna Agro to the highest ever penalty for illegal slash and burn agriculture, as Reuters reports.

According to the judgment of 11 August, the company was “negligent in relation to fires” over an area of 3,000 hectares in the province of Riau in 2014.   ... →

Climate scams- Russian and Ukrainian carbon offsets damage EU carbon trading.

 According to a study published in the scientific journal Nature, millions have been made at the expense of the climate through carbon credits in Russia and Ukraine.[1] The authors of the study say that offsets created under the scheme “significantly undermined” efforts to tackle climate change. The UN scheme allowed countries like Russia and the Ukraine to create carbon credits, they were then able to sell these credit to the European Union’s Carbon market.   ... →

Good business with bad climate

Eröffnung Klimakonferenz in Durban Eröffnung Klimakonferenz in Durban | Bild (Ausschnitt): © Jan Golinski / unfccc

In light of investments worth several billion in leading greenhouse gas polluters FACING FINANCE urges banks and investors to effectively engage environmental and climate protection.

(Berlin/Durban 01.12.2011) On the occasion of the 17. UN climate conference held in Durban (28. November till 09. December), German banks and financial institutions are also increasingly under scrutiny. According to a recent investigation of the NGO campaign FACING FINANCE they have invested in Europe’s leading climate polluters with an investment volume of at least 32.5 billion euro.   ... →