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...