norway

Killing whales for food has been happening for millennia. But it was commercial whaling – turning whales into barrels of oil for profit – that led to the wholesale destruction of most of the world’s populations of big whales.

You probably know that climate change is melting Arctic ice with astonishing speed. While some hear a warning bell, others see a business opportunity and as the ice disappears, oil companies and fishing fleets are moving further north than ever before, keen to exploit the unexplored ocean opening up at the top of the world.

Plantations, like this eucalyptus one in Sumatra, are gradually replacing Indonesia's rainforests (c) Beltra/Greenpeace

Laura Kenyon from our Making Waves blog explains how money intended to protect forests could actually encourage deforestation.

Norway and Indonesia are about to make history. A US$1bn forest protection deal between these two countries could help set Indonesia on a low-carbon development pathway and become a positive model for the rest of the world. It could clearly demonstrate that lowering carbon emissions to address climate change does not mean sacrificing economic growth and prosperity. What's more, this prosperous low-carbon development does not need to come at the expense of Indonesia's natural forests and peatlands.

But this deal is at risk. Today we released a report - Protection Money - which outlines how the deal is in danger of being undermined, unless action is taken to protect it from notorious industrial forest destroyers in the palm oil, paper and pulp sectors.  There is a potential that international money intended for the protection of Indonesia's forests and peatlands could end up being used to support their destruction.

More of Sinar Mas's handiwork, this time in an area known to support endangered Sumatran tigers 

There's been a not insignificant amount of fallout from the implosion of Sinar Mas's audit last week. You'll remember that the independent auditors demanded public clarification on some statements made by Sinar Mas about the results of said audit which were not, in fact, supported by the audit itself.

First of all (and this might be a complete coincidence), shares for Golden Agri Resources (Gar) - one of the Sinar Mas group's palm oil producers - fell by over 6 per cent between 19 and 23 August. PT Smart, another palm oil arm, dropped by nearly 3 per cent.