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Banks pump billions into deforestation-linked firms in Southeast Asia - study
2016-09-06 07:12:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Banks have financed companies responsible for rainforest destruction in Southeast Asia to the tune of billions of dollars, a study showed Tuesday, and called on lenders to stop "fuelling forest crime". Southeast Asia is home to some of the world's most diverse rainforests, but they have come under threat in recent years due to large-scale expansion in industries such as palm oil, pulp and paper, rubber and timber. The new study found at least $38 billion worth of commercial loans and underwriting...
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Category:Electronics and Electrical