Agribusiness

Oil Companies Using Shadow 'Marine Life Protection' Agency to Clear Way for More Fracking

Oil Companies Using Shadow 'Marine Life Protection' Agency to Clear Way for More Fracking
It's pretty clear that the $50 billion tunnels — to be paid for by California tax payers —will only really benefit oil companies and agribusiness in the state. What's unclear, however, is the role that the tunnels will play in increased fracking, both on land and under the ocean.
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Orangutans Killed for Palm Oil in Indonesia and Malaysia

Would you expect to get shot over 100 times in your own neighborhood? Probably not, but that’s what recently happened to a female orangutan when an agribusiness giant decided to set up shop by her house. Aan, a 15 year old orangutan, was shot by a plantation worker after wandering into a palm plantation, a place that, although no longer familiar, used to be part of her neighborhood. She miraculously survived, earning her the title ‘badass’ by medics, but she sustained serious wounds and was left blind.
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Rainforest Action Network Issues Statement About False Palm Oil Claims by Cargill

Last week, Rainforest Action Network (RAN) contacted Cargill employees in over 20 countries to alert them to the company’s ties to rainforest destruction and orangutan extinction. The email urged employees to watch a recent eye-opening prime time NBC news story profiling the imminent extinction of orangutans due to unchecked palm oil expansion in Indonesia and Malaysia.
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Maybe Wall Street Will Listen to a Tiger

The President of Indonesia and top leaders of major Indonesian corporations were greeted by a colorful group of rainforest activists this week as they visited Wall Street to secure billions of dollars in US investment in some of the most environmentally and socially destructive industries in Indonesia.
Supporters of Rainforest Action Network joined with members of Rainforest Relief and Global Justice for Animals and Ecology to greet the CEOs and CFOs from Indonesia’s biggest banks—e.g. Mandiri Bank, Bank Republic of Indonesia, Bank Central Asia—as well as executives from palm oil (big ag), coal, oil and gas, steel, telecommunications and pulp and paper companies as they hobnobbed with US institutional investors trying to make deals.
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Cargill’s Not So Secret Expansion Plans in Indonesia

A recent Indonesia Finance Today article clarifies that Cargill plans to expand its plantation land in Indonesia to 90,000 hectares in April 2013 and that while the company’s crude palm oil production (CPO) in Indonesia is currently at 300,000 tons, it’s targeting to reach one million tons.
This is an interesting turn of events. In response to RAN’s April 2012 exposé profiling the demise of one of the world’s most important tropical rainforests for oil palm expansion, Cargill aggressively argued in a public statement that it “does not import Indonesian palm oil to the United States” in an attempt to minimize its role as one of the largest palm oil traders in the world and evade responsibility for the Indonesia deforestation crisis.
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