Palm Oil News
As forests around the world are destroyed to make way for palm oil plantations, any good conservation news seems like a ray of sunshine. Singapore-based Golden Agri-Resources has announced that it will work with the Indonesian government and green groups to build a “sustainable palm oil industry” in Indonesia, reports Wild Singapore.
Just last year, environmental groups such as Greenpeace gave Golden Agri-Resources a low score since the company allegedly cleared forests that were home to endangered species. With annual sales of $2.3 billion, Golden Agri-Resources is the largest palm oil producer in Singapore, which is the world’s largest producer of palm oil. Its operations are so large that they contribute to climate change.
Such a move by the company in favor of the forests comes only after groups such as Greenpeace alleged Golden Agri-Resources was conducting illegal forest clearing. The green campaigns resulted in the company losing some large clients such as Nestle, Unilever and Burger King.
Although this move towards sustainable palm oil is good news, you can imagine green groups having a “we’ll believe it when we see it” response. Greenpeace will be watching to help ensure the company lives up to this promising news announcement.