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Tag: palm oil
Indonesia: Palm Oil Company Fined Millions for Burning Sumatran Forest
2014-01-13 01:35:00| Climate Ark Climate Change & Global Warming Newsfeed
Environment News Service: An Indonesian court has found the palm oil company PT Kallista Alam guilty of illegally burning large swathes of the Tripa peat forest, which lies within Sumatra`s Leuser Ecosystem, the only place on Earth where tigers, elephants, rhinos, and orangutans can be found living together in the wild. The court ordered the company to pay 114.3 billion rupiah (US$9.4 million) in compensation and 251.7 billion rupiah (US$20.8 million) to restore the affected areas of forest. The case was brought against...
Tags: company
oil
millions
palm
UN raps Malaysia on palm oil abuses, risks
2013-12-20 00:42:00| Climate Ark Climate Change & Global Warming Newsfeed
Mongabay: Malaysia's push to join the ranks of rich countries shouldn't come at the expense of the environment or the vulnerable groups, warned a U.N. expert after a visit to the Southeast Asian nation. Speaking at the end of the official mission, UN Special Rapporteur on the right to food Olivier De Schutter cited concerns over the country's palm oil industry, which has emerged over the past 30 years as key driver of economic growth, but at the same time has been linked to labor abuse and destruction of...
Neste Oil achieves its palm oil certification target two years early
2013-12-17 17:30:19| Green Car Congress
Orangutans fight survival as thirst for palm oil devastates rainforest
2013-12-15 01:16:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Even in the first light of dawn in the Tripa swamp forest of Sumatra it is clear that something is terribly wrong. Where there should be lush foliage stretching away towards the horizon, there are only the skeletons of trees. Smoke drifts across a scene of devastation. Tripa is part of the Leuser Ecosystem, one of the world's most ecologically important rainforests and once home to its densest population of Sumatran orangutans. As recently as 1990, there were 60,000 hectares of swamp forest...
Palm oil IPO presents environmental, financial risks
2013-12-10 01:17:00| Climate Ark Climate Change & Global Warming Newsfeed
Mongabay: An Indonesian palm oil company has failed to disclose all the financial and environmental risks to investors ahead of its December 12 initial public offering (IPO), alleges a new report from environmental groups. PT Sawit Sumbermas Sarana (SSMS), a palm oil company that runs plantations operated by PT Kalimantan Sawit Abadi, PT Mitra Mendawai Sejati (MMS), PT Ahmad Saleh Perkasa (ASP), and PT Sawit Mandiri Lestari (SML) in Indonesian Borneo, aims to raise a trillion ($88 million) in this week's...
Tags: financial
oil
environmental
palm
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