Posts Tagged with "World Bank"

Cargill & ADM Support Community Conflict in Indonesia

Monday, September 26, 2011

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Cargill & ADM Support Community Conflict in Indonesia

Do you remember in 2009 when the World Bank’s lending arm, the International Finance Corp. (IFC), came under fire from human rights and environmental organizations lobbying to halt its funding of destructive palm oil development in Indonesia and Malaysia? The 18-month global moratorium on lending for new palm oil investments that followed was a direct [...]

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World Bank Raises The Bar On Human Rights. Will Private Banks Follow?

Wednesday, June 8, 2011

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World Bank Raises The Bar On Human Rights. Will Private Banks Follow?

Last December, I hinted that the World Bank was moving to adopt stronger new standards on Indigenous rights. After nearly three years of deliberation, the International Finance Corporation (IFC), the private lending arm of the World Bank, announced its revised Sustainability Framework last month. As the largest source of international financing for companies in the [...]

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Palm Oil’s Effects On Communities Around The World

Thursday, October 21, 2010

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Did you see The New York Times Op-Ed on Saturday titled “The World Bank’s Palm Oil Mistake“? I sure did. The author, Thompson Ayodele, provided a narrow perspective on the World Bank’s recent decision to continue it’s freeze on new lending to palm oil projects around the world until it’s framework and strategy is clarified. [...]

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World Bank and IFC: The Big Bucks Behind Indonesia’s Rainforest Destruction

Thursday, June 3, 2010

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With oil gushing in the gulf, activists locking down in boardrooms, the ball of financial reform being thrown from Wall Street to Washington and back again, and Indonesia announcing a two year freeze on the parceling out of its forests to international corporations, the world’s focus seems to be on corporations. But in the struggle [...]

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Cargill leaves a palm oil mess in Papua New Guinea

Wednesday, February 24, 2010

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Cargill Inc., the world’s largest agribusiness company, has announced the sale of their palm oil plantations in the remote tropical nation of Papua New Guinea (PNG). Cargill owns mills and plantations in Indonesia, Malaysia, and until today, PNG, and trades palm oil globally produced by at least 25 additional palm oil producers in Indonesia and [...]

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Commodity Colonialism – Oil Palm development in Papua New Guinea

Friday, October 23, 2009

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A new, hard hitting, RAN case study on Cargill’s oil palm operations in PNG, ‘Commodity Colonialism’, is now available for download HERE. Papua New Guinea (PNG) is a nation that does not easily fit with our society’s dominant ideas of development, property, and conservation. Many Papuans have little interaction with the cash economy; although categorized [...]

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Reparations for Climate Chaos

Friday, October 2, 2009

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Think Climate Finance is boring? Think again. cross posted from Grist. Remember when the World Trade Organization, the World Bank, and International Monetary Fund were constantly making global headlines for their fierce opposition from people’s movements around the world? Well, international Finance Institutions (including the World Bank) are rearing their ugly heads again – this [...]

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The IFC freezes funding of oil palm

Tuesday, September 8, 2009

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The International Finance Corporation (IFC), a member of the World Bank Group, has frozen new investments in oil palm projects and is reviewing all current oil palm projects. The IFC is a major player in development, and their recognition of the negative social and ecological impacts of oil palm is a significant signal to the [...]

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