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Tag: palm oil
Indonesia's Palm Oil Industry Rife With Human-Rights Abuses
2013-07-24 19:57:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: What kind of oil should we buy? Luo Xiaohua shouts to her cousin from the cooking oil aisle in Yonghui Supermarket in the heart of Chongqing, a rising Chinese megacity. Luo, 50, is the quintessential Chinese shopper. She earns $3,250 a year and has an elementary education. Shes fiercely opinionated about her purchases. Luo stands before amber-hued bottles loaded with a commodity that fuels Chinas and Indias growing consumer classes. From what I understand, all of these brands contain palm...
Tags: industry
oil
palm
abuses
Illegal palm oil from an Indonesian national park used by Asian Agri, Wilmar, WWF report says
2013-07-05 18:50:00| Climate Ark Climate Change & Global Warming Newsfeed
Mongabay: Illegal palm oil expansion inside Indonesias Tesso Nilo National Park is threatening protected forests and the reputation of two companies who claim to be sources of sustainably-produced palm oil, says a new WWF-Indonesia report. In its June 26 report, Palming Off a National Park, WWF-Indonesia found that over 52,000 hectares of natural forests in the area have already been illegally converted into palm oil plantations. And fruits from the illegal plantations have made their way into the supply...
Tags: report
national
park
says
Can palm oil be part of green growth in Indonesia?
2013-07-02 07:55:00| Climate Ark Climate Change & Global Warming Newsfeed
Mongabay: A new report lays out key leverage points for shifting Indonesia's palm oil industry toward a greener development path. The report, authored by Daemeter Consulting and The Nature Conservancy (TNC), provides context on Indonesia's palm oil industry, including its local development benefits and environmental impacts, and identifies what agencies and actors are involved in various decisions that shape its expansion. The intent of the document is to "highlight opportunities to align decision-making...
Palm oil companies linked to haze see share prices drop
2013-06-25 01:41:00| Climate Ark Climate Change & Global Warming Newsfeed
Mongabay: Three firms linked to fires in Sumatra saw their share prices decline since the haze crisis worsened a week ago. Golden Agri-Resources Ltd (SGX:E5H) led the pack with an 8 percent decline since June 18. Wilmar International Limited (SGX:F34) dropped 5 percent, while First Resources Ltd (SGX:EB5) lost 4 percent. All three firms are listed on the Singapore Stock Exchange and have been cited in media reports based on hotspot data from NASA. Officials in Singapore and Indonesia say they will pursue...
Tags: share
prices
companies
oil
Palm oil companies must come clean on Indonesian fire hotspots
2013-06-21 23:08:00| Climate Ark Climate Change & Global Warming Newsfeed
Greenpeace: Greenpeace International analysis of NASA hotspot data in Sumatra over the past 10 days (11-21 June) has revealed hundreds fire hotspots in palm oil concessions that are owned by Indonesian, Malaysian and Singaporean companies. "Fires across Sumatra are wreaking havoc for millions of people in the region and destroying the climate. Palm oil producers must immediately deploy fire crews to extinguish these fires. But really cleaning up their act starts with adopting a zero deforestation policy,"...
Tags: companies
fire
clean
oil
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