Tell Wall Street stop foreclosing on forests!
Wilmar International, the world’s largest palm oil trader, is selling illegally grown palm oil on the world market. One of its suppliers has knowingly destroyed protected forests, killed endangered orangutans, and continues to threaten the most biodiverse habitats in Indonesian Borneo. This destruction of primary forests is enabled by the biggest banks in the U.S. and Canada, and generates profits for major Wall Street investors.
Earlier this year, four starving orangutans, including a pregnant mother and baby, were rescued from small patches of forest in a palm oil plantation that supplies Wilmar and other big traders. Killing orangutans and other protected wildlife is not only wrong – it is prohibited by Indonesian law.
Friends of the Earth’s new report, Commodity Crimes: Illicit Land Grabs and Illegal Palm Oil, documents at least 15,000 acres of illegal palm plantations and forest destruction inside two of Indonesia’s forest reserves – home to some of the world’s most iconic and endangered species.
The forest crimes we have uncovered show how companies get away with land-grabs, deforestation, and destruction of precious habitat. Investors, consumer companies, and government authorities have a responsibility to bring an end to these practices and to bring the responsible parties to justice.