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Indonesia: Palm oil giant to forgo development New Guinea rainforest

2013-11-07 00:18:00| Climate Ark Climate Change & Global Warming Newsfeed

Mongabay: Palm oil giant Golden-Agri Resources (GAR) will forgo development of an oil palm plantation in an area of rainforest in Indonesian New Guinea in order to comply with its forest conservation policy. The decision by GAR - which is the parent company for PT SMART, one of Indonesia's largest private palm oil companies - was disclosed in a report on its high carbon stock pilot project, which is a key component of the company's forest conservation policy (FCP). GAR made the commitment in 2011 after...

Tags: development oil palm indonesia

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