Politics Deforestation in Cameroon: Greenpeace challenges Deutsche Bank About Halcyon Agri
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The Africa and German Sections of the NGO Greenpeace arrest the Deutsche Bank and asks him to immediately give up a loan to Halcyon Agri, the World Rubber Giant based in Singapore. A case that concerns investments in Hévéa plantations in Malaysia and Cameroon.
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The Deutsche Bank is preparing to disburse the second tranche of a $ 25 million loan to Halcyon Agri. The German bank had declared last July to have granted "a new innovative loan" to the agro-industrial company, to finance investments in its plantations in Malaysia and Cameroon.
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By funding Sudcam Hevea, Cameroonian subsidiary of Halcyon Agri, the German bank sat on "its own environmental and social policy", underlines the NGO.
"SouthCam is ravaging primary forests in these countries, recalls Irène Wabiwa Betoko, Greenpeace Africa. But also to destroy the lives of several indigenous peoples. This company does not deserve any loan, especially not under the label sustainability, because the practices of this company on the ground have nothing to do with sustainability.
responsible for the deforestation of 10,000 hectares - about the area of the city of Paris - between 2011 and 2018, the appetite of Sudcam Hevea, which has a 100,000-hectare forest concession, also threatens the rich biodiversity of the reserve. Natural DJA - A UNESCO World Heritage Site located 1 km from the plantations - according to Greenpeace.
The NGO exhorts the Deutsche Bank to follow the example of the Norwegian Sovereign Fund, which returned - in 2019 - on a promise to financially support Sudcam Hevea, because of its environmental abuses and human rights violations.
The Proven but Hidden Climate Solution | Opinion .
The international community must work harder to incorporate Indigenous knowledge into climate and forest solutions. The Biden administration should embrace these principles and make common cause with the people who are already on the frontlines of rainforest protection.The U.S. Congress has an important role to play in all this too. Tropical forest conservation, happily, enjoys bipartisan support in Congress. Results-based foreign aid, public-private partnerships and safeguarding property rights—these are conservative ideas.