Bank Of America

Who still banks on destroying Indonesia's forests?

Posted by jamie — 15 March 2017 at 1:07am - Comments
Forest clearance in land owned by a subsidiary of Bumitama Gunajaya Agro, West K
All rights reserved. Credit: Ulet Ifansasti / Greenpeace
Many major banks need to act and refuse funding to palm oil companies that destroy forests

A few weeks ago, HSBC took a big step forward in cutting its links with the destruction of Indonesia's forests by pledging to end funding for destructive palm oil companies. But HSBC is not the only bank lending money to palm oil companies pushing further and further into the forest, and the others now have a lot of catching up to do.

Article tagged as: anz, bank of america, BNP Paribas, deforestation, deutsche bank, forests, HSBC, indonesia, palm oil, standard chartered
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