ApocaDocs: Credit Suisse, UBS, BNP Paribas to finance razing of rainforests for palm oil

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Posted Fri Jul 17 2009: from Mongabay, via DesdemonaDespair:


	Credit Suisse, UBS, BNP Paribas to finance razing of rainforests for palm oil http://apocadocs.com/s.pl?1247843169 Swiss banks Credit Suisse and UBS, together with the French BNP Paribas, are helping Singapore-listed Golden Agri-Resources raise up to 280 million Swiss francs ($258 million) to finance conversion of large areas of rainforest in New Guinea and Borneo for oil palm plantations, reports the Bruno Manser Fund (BMF), a group that campaigns on behalf of forest people in Southeast Asia.... "The vast majority of future expansion is likely to involve deforestation, some on peatlands and in the habitats of the critically endangered orangutan", said Greenpeace in the report....

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