Tag: palm oil

Indonesian palm oil association says EU discriminatory

In a bid to increase renewable energy use in Europe, the European Commission adopted a new regulatory framework in June 2018. With the EU Renewable Energy Directive (RED II) the European Union applied new criteria March 13 for crops used for the production of biofuels: They must be sustainable and not cause deforestation through indirect

Malaysian state palm oil firm Felda seeks $1.5 billion government bailout: Bloomberg

KUALA LUMPUR (Reuters) – Malaysia’s state palm oil plantation agency, the Federal Land Development Authority, is seeking 6 billion ringgit ($1.5 billion) from the government to help turn itself around, Bloomberg reported on Tuesday. The request will be included in a white paper on the company scheduled to be introduced in parliament on Wednesday, Bloomberg

London Stock Exchange refuses to remove palm oil firm from green index

The London Stock Exchange Group has refused to remove a palm oil company from an influential investment index of environmentally friendly firms, despite a string of allegations of corruption and unsustainable business practices. The group’s index subsidiary, FTSE Russell, has written to environmental groups declining to remove Golden-Agri Resources (GAR) from its FTSE4Good indices, which only include