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Sourcing Hub

Australian banks urged to ‘cut ties’ with palm oil firms as $6.4 billion investments revealed

 Four of Australia’s largest banks have helped enable deforestation and environmental abuses in global palm oil supply chains by providing more than $6 billion in financing to some of the sector’s largest and most suspect operators, a new Friends of the Earth Australia (FoE) report has claimed.
Illegal Deforestation Monitor, 17 July 2019
tags Australia, Palm Oil, palm oil investment, australian banks

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