Home › Themes › Publication: Newsletter articles › Theme: Foreign investment ›

Europe/UK

 

 

APP and debt-financed forest destruction

Down to Earth No 52, February 2002


The highly-indebted pulp and paper group, Asia Pulp and Paper (APP), commissioned an environmental audit in September to allay fears over rainforest destruction in Sumatra.

Oil palm action

Down to Earth No 52, February 2002

Three of the biggest banks in the Netherlands - ABN AMRO, Rabobank and Fortis - have agreed to stop or substantially restrict financing for oil palm development in Indonesia on environmental and social grounds. This is the result of a joint campaign by the Indonesian oil palm advocacy network, Sawit Watch, Milieudefensie (Friends of the Earth NL) and Greenpeace Netherlands following the disastrous 1997/8 forest fires in which10 million hectares of forest land were burnt. Oil palm and pulp plant feeder companies were the main offenders.

The shrimp industry

Down to Earth No 51 November 2001

 

Despite a poor social and environmental record across the globe, commercial aquaculture - intensive fish-farming - is still regarded as having a bright future in Indonesia. According to former marine affairs minister Sarwono, of Indonesia's total fish production, 82% is from capture fisheries. "We need to push for aquaculture to boost fish production" he told a March workshop.

CDC projects criticised over impacts

Down to Earth No. 50, August 2001


Communities in Kalimantan are trying to secure fair compensation for lands and resources from two oil palm plantation companies funded by CDC, the British private investment agency. Although some moves towards negotiations have been made, CDC still fails to acknowledge that the projects' policies on land acquisition and community relations have led to social conflict, deforestation and, for some communities, increased poverty.

Oil palm investments opposed

Down to Earth No. 49, May 2001


The government's plan to expand oil palm plantations could founder because it fails to address the underlying question of community rights to farmland and forests.

Oil palm remains a central plank of Indonesia's economic recovery strategy despite growing social unrest arising from disputes over plantation land.

Export credit finances destructive, debt-laden projects

Down to Earth No. 49, May 2001


A new NGO report has drawn attention to the role of export credit lending agencies in pulp and paper mills and other projects in Indonesia, which have led to increased deforestation and abuse of people's rights.

Tangguh in West Papua

Down to Earth No. 48, February 2001


The recent increase in tension in West Papua, punctuated by the murder of political prisoners and the arrest of independence leaders, has not stopped the transnational companies continuing with plans to exploit the territory's natural resources.

The giant Tangguh gas fields in off the north western coast, contain an estimated 20 trillion cubic feet of gas. The British American merger BP/Amoco (BP) plans to start production in 2005 and is seeking sales contracts in China.