Campaign against palm oil giant FELDA
Rainforest Rescue has started a campaign to demand Deutsche Bank to dissociate itself from the Malaysian palm oil giant FELDA Global Ventures Holding, which wants to raise three billion dollars on the stock market to establish new oil palm plantations in Indonesia and Africa. Rainforest areas are going to be bought, destroyed and turned into huge monocultures.
The Deutsche Bank, one of Germany’s largest banks, which pretends to be ecologically and socially harmless, is helping FELDA to search for investors.
The campaign invites to sign a letter asking the Deutsche Bank to dissociate itself from FELDA and to refrain from any more financing that leads to land grabbing or logging.