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 oil.
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.
Anne van Schaik, from Friends of the Earth Europe, visits Indonesia to meet with palm oil company Wilmar to highlight the devastating environmental and social impacts of palm oil production.
European and US banks and pension funds must stop financing illegal palm oil and deforestation, according to Friends of the Earth Europe. New findings show that Bumitama Agri, an Indonesian palm oil company and recipient of financial support from numerous European and US financiers, continues to clear land and run an illegal palm oil plantation in West Kalimantan, Indonesia, despite commitments to stop.
The names of 40,734 people who signed a petition for Shell to clean up its mess in the Niger Delta were today presented to Shell in a virtual online 'handover'.
Using Facebook and Twitter we demanded that Shell finally accept responsibility for the environmental disaster in Nigeria and clean up its mess.
Shell Germany refused to meet Friends of the Earth Germany/BUND – the initiators of the petition – for a handover in person, so they sent the signatures to them online.
Wilmar International, the world's largest palm oil trader, recently bowed to civil society pressure and committed to cut out deforestation, peat land destruction and the exploitation of human rights from its supply chain. This comes after years of land-grabbing, according to Friends of the Earth Europe, fuelling conflicts, the destruction of endangered habitats, and human rights abuses.
Food speculation by banks and financial institutions has contributed to rapid and unpredictable swings in food prices over recent years, with devastating impacts on poor people in developing countries. The European Union will introduce new regulations which take small steps towards curbing the financial speculation on food crops, according to Friends of the Earth Europe, after a deal was struck last night between the European Parliament and Greek EU Presidency.
Food speculation by banks and financial institutions continues to contribute to rapid and unpredictable swings in food prices. Yet, corporate lobbying on the Markets in Financial Instruments Directive (MiFID) – which sets new regulations for financial markets – has undermined attempts to curb this destructive practice, according to Friends of the Earth Europe. This will allow speculators to continue profiteering at the expense of the world's most vulnerable.
Antoine Simon and David Heller from Friends of the Earth Europe, travelled to the village of Pungeşti in Romania this weekend to observe and document the village's resistance to shale gas. The community's stand against Chevron has become one of the front lines of the struggle against dirty energy in Europe.
Activists from Friends of the Earth Europe and Indonesia have completed an awareness-raising tour of Europe, bringing their experiences of environmentally and socially destructive palm-oil production in South East Asia, to the continent most responsible for financing it. Palm-oil companies, often with the backing of European investors, have been involved in land-grabbing, deforestation and the illegal production of palm-oil in Indonesia, according to Friends of the Earth Europe.