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Insight - Environment or profit: palm oil firm tests Indonesia

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Publication Date: 
July 12, 2012
Author: 
Olivia Rondonuwu and David Fogarty and Niluksi Koswanage
News Source: 
Reuters
(Reuters) - An Indonesian palm oil firm received preliminary approval six years ago for a large plantation in a swampy, forested corner of Borneo island, bringing the promise of jobs and roads to impoverished villages.
 
By the book, that would have marked the start of a lengthy licensing and environmental approvals process before clearing and planting could start.
 

The firm, PT Suryamas Cipta Perkasa (SCP), didn't wait. It quickly cleared thousands of hectares of forest. That revelation recently set off alarm bells at major international palm oil trading firms Bunge and Cargill, which have made public pledges to source edible oil from plantations developed without cutting down forests illegally.
 

Read the full story from Reuters here

 

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