Nigeria’s reliance on crude oil revenue derailed manufacturing growth, leaving the nation dependent on imports and facing deep economic struggles. The post Nigeria at 65: How Oil Mismanagement Stalled Industrial Growth appeared first on The Nigerian Inquirer.| The Nigerian Inquirer
Letter to Premier and Ministers alleges contraventions of Malaysian Sustainable Palm Oil standards, land rights, and lease conditions The Penan and Kenyah Indigenous communities of Long Urun, Belaga have issued an urgent call to the Sarawak Premier, key state department heads, and the federal Minister of Plantation and Commodities to immediately halt large-scale forest clearing... The post Indigenous Communities Demand Immediate Halt to Deforestation by Urun Plantations first appeared on The ...| The Borneo Project
MUFG’s lack of due diligence raises questions about its zero-deforestation commitments Japan’s largest bank, Mitsubishi UFJ Financial Group (MUFG), adopted a policy against peatland destruction, yet one of its bank subsidiaries continues to finance firms that, well…destroy peatlands. Recently, we raised questions about the credibility of MUFG’s zero-deforestation commitments given that it had provided hundreds of millions […]| Forests & Finance
The owner of Agropalma SA, the largest exporter of palm oil in Brazil, is considering the sale of the company. Agropalma is a wholly owned subsidiary of the Alfa Group, a conglomerate with business segments in finance, hotels, retail, and construction. The Alfa Group is owned by the five daughters of Aloysio Andrade de Faria,| Chain Reaction Research
Analysis conducted by CRR partner AidEnvironment shows that Indonesia remains the deforestation hotspot in the Southeast Asia, based on concession data for the first six months of 2022. Data shows that the top 10 deforesters together contributed to 8,100 hectares (ha) of forest loss, and all the concessions featured in the top 10 list are| Chain Reaction Research
In April 2022, the government of Indonesia introduced a new regulation to ban the export of palm oil. The regulation (Minister of Trade Regulation Number 22/2022) covered crude palm oil and its derivatives, including refined, bleached, and deodorized palm oil (RBDPO), refined, bleached, and deodorized olein (RBDO), and used cooking oil. The regulation sought to| Chain Reaction Research
