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Indonesia: Rapid deforestation taking place in Jambi

2016-06-12 22:48:00| Climate Ark Climate Change & Global Warming Newsfeed

Jakarta Post: An area of forest the size of eight soccer fields is lost every hour in Jambi, Sumatra, leaving forests in the province in a critical condition, according to a conservation organization. Today, there are only about 1 million hectares of forest left in Jambi, or one-fifth of the provinces total area of about 50,000 square kilometers. The size of forest loss in Jambi is quite big and the province is struggling to preserve its remaining forests, Rudi Syaf, chairman of the Indonesian Conservation...

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Insurance companies taking too big a risk on fossil fuels, report says

2016-05-24 22:30:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The US insurance industry, the countrys second largest institutional investor in oil, gas and coal with $459bn in fossil fuel investments, needs to divest or face serious threats to its financial stability, according to a report released Tuesday. The report, funded by Ceres, a Boston-based sustainability advocacy group, analyzes investment data from the countrys 40 largest insurance companies, including Prudential, AIG, Metlife, State Farm and Allstate. The report doesnt quantify the potential...

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