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News on Land

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Banks pump billions into deforestation-linked firms in Southeast Asia - study

By: Beh Lih Yi

Date: September 6th 2016

Source: Thomson Reuters Foundation


"This research suggests that banks continue to turn a blind eye to the devastating impacts of their financial services"


JAKARTA, Sept 6 (Thomson Reuters Foundation) - Banks have financed companies responsible for rainforest destruction in Southeast Asia to the tune of billions of dollars, a study showed Tuesday, and called on lenders to stop "fuelling forest crime".