The true price of palm oil
Global Witness | 7 October 2021

The true price of palm oil

How global finance funds deforestation, violence and human rights abuses in Papua New Guinea
 
The climate crisis is no longer projection, but reality. Forests play a key role in regulating the global climate and are critical to preventing runaway global heating. They are also a treasure trove of biological diversity, and home to many indigenous peoples and forest communities. Yet forests continue to be burned and destroyed at an alarming rate. The primary driver of deforestation is agribusiness, with palm oil a chief culprit.
 
Global Witness went undercover to investigate the growing threat facing Papua New Guinea’s (PNG) communities and tropical forests from palm oil companies driving widespread deforestation and human rights abuses. This investigation now implicates three of PNG’s newest palm oil producers in what appears to be serious criminality and other harms. For the first time, we show how this tainted product is being sourced by world-famous brands and their business financed by iconic banks and investors:
 
Global Witness is calling for companies named in this report to be held to account for causing, contributing to, or profiting from harms linked to their global operations. International financiers ought not to be bankrolling these companies - and governments need to regulate to stop bankers enabling this industry’s excesses.

Read the full report
URL to Article
https://farmlandgrab.org/post/30536
Source
Global Witness https://www.globalwitness.org/en/campaigns/forests/true-price-palm-oil/

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