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Unilever suspends palm oil contract after supplier found to be destroying rainforests http://apocadocs.com/s.pl?1260716114
The world's largest user of palm oil, Unilever, has suspended its $32.6 million contract with the Indonesian group Sinar Mas after an independent audit proved that Sinar Mas is involved in the destruction of rainforest, reports Reuters.
The audit was conducted early this year after a report by Greenpeace alleged that Sinar Mas was engaged in deforestation and the draining of peatlands, both of which release significant amounts of greenhouse gases into the atmosphere. Deforestation across Indonesia and Malaysia, in part for oil palm plantations, has also added pressure on many many endangered species, including orangutans, tigers, elephants, and rhinos.... "Unilever's decision could represent a defining moment for the palm oil industry. What we're seeing here is the world's largest buyer of palm oil using its financial muscle to sanction suppliers who are destroying rain forests and clearing peatlands," said Greenpeace director John Sauven in a statement.
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Unilever is sure using its fulcrum here!
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