HSBC and Commerzbank are financing dubious palm oil company Noble

 Oil palm graveyard - these palms were injected with pesticides (paraquat, according to locals) so to kill them and allow preparations for the next planting. | Bild (Ausschnitt): © Wakx [CC BY-NC-SA 2.0] - Flickr

In January 2017 Greenpeace released the report „Dirty Bankers – How HSBC is financing forest destruction for palm oil“.   This report provides a detailed explanation of the business relations between HSBC and controversial palm oil companies.
HSBC is considered to   ... →

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   ... →