London, Wednesday 25th February,
2015. High Street bank Santander today pledged to stop financing the pulp and
paper company Asia Pacific Resources International Ltd (APRIL) because of its
destruction of the Indonesian rainforest.
APRIL is a major cause of
deforestation in Indonesia, where it is levelling ancient rainforest to use the
timber for pulp production and the land for industrial acacia plantations.
APRIL’s operations have been condemned by every major environmental
organisation in Indonesia, which have accused it of breaching Indonesian
forestry regulations, causing conflict with local communities and of failing to
meet its own weak policies on forest protection.
Posted by Richardg — 23 February 2015 at 1:23pm
Our research team has sent us the first batch of footage from the Indonesian rainforest. They were documenting rainforest destruction by APRIL - the paper company that Santander loaned millions of pounds to.
We've forced Santander to admit that it's bankrolling the destructive paper company APRIL. But the high street bank says it's 'monitoring the situation' and will 'act accordingly'. It's a cop out - and here's why.