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Deutsche Bank divests from Bumitama

Deutsche Bank has told Friends of the Earth Europe and Rettet den Regenwald that it sold its shares in the Indonesian palm oil supplier Bumitama, an important supplier to palm oil giant Wilmar, following months of campaigning by the two groups. Despite numerous promises to clean up its act, Bumitama continues to produce illegal palm …

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The EU Bioenergy land footprint

Land the size of Poland and Sweden combined, will be needed to produce crops and wood for Europe’s bioenergy needs by 2030, this new research reveals. The analysis by Vienna University of Economics and Business for Friends of the Earth Europe shows how Europe’s consumption of crops and wood for transport fuel, heating and electricity …

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The broken promises of Wilmar and its financiers

Wilmar International, one of the world’s largest palm oil traders, continue their abusive practices of deforestation and land-grabbing, despite promises to stop, according to new research from Friends of the Earth in Indonesia, Liberia, Uganda and Nigeria. Wilmar’s new “No Deforestation, No Peat, No Exploitation” policy declaring an end to deforestation, exploitation and peat conversion …

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