Pension and endowment funds linked to conflict-plagued oil palm in DRC
- A new report from the Oakland Institute, a policy think tank, reveals that several well-known pension funds, trusts and endowments are invested in a group of oil palm plantations in the Democratic Republic of Congo accused of environmental and human rights abuses.
- Plantations et Huileries du Congo (PHC) was recently purchased by two African private equity investors, and several European development banks have invested millions of dollars in the company’s operations.