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Santander Bank cuts off APRIL due to deforestation

2015-02-25 00:59:00| Climate Ark Climate Change & Global Warming Newsfeed

Mongabay: Banking giant Santander says it will not extend further financing to Asia Pacific Resources International Limited (APRIL) due to evidence that the Singapore-based pulp and paper company is continuing to destroy rainforests in Indonesia. The move comes after Greenpeace launched a global campaign against the bank. In a message sent to customers Tuesday, Banco Santander (NYSE:SAN) admitted to a relationship with APRIL and said it recently requested an audit of the logger's operations, which raised...

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