Oreo cookies and Gillette shaving cream are among products driving the destruction of Indonesia’s forests, Greenpeace says, accusing agri giant Wilmar for supplying “dirty palm oil” to make the grocery items.
Sifca Group, which owns Africa’s biggest palm-oil refinery located in Ivory Coast, said it plans to spend $417 million in the next five years on plantations and factories in Ghana, Nigeria and Liberia.
European banks and pension funds continue to finance one of the largest and most destructive palm oil giants Wilmar International, according to new research released today by Friends of the Earth Europe.
Suitable land for palm-oil cultivation is running out in top producers Malaysia and Indonesia, which now account for about 85 percent of the global output. Wilmar is among several companies searching for land in West and Central Africa.