Over the past few days, Feronia Inc., a Canadian - based company majority - owned by European and US development banks, has been pressuring local communities to sign a memorandum of understanding (MOU) that would endorse the company's continued operation and expansion of
oil palm plantations within their territories.
Not exact matches
The designation could increase the area of forest conserved
within oil palm plantations provided it has high conservation significance, such as serving as habitat for endangered species like orangutans, Sumatran tigers, and rhinos.
Environmental groups
within RSPO tried to mandate that future
oil palm expansion can only occur on land with net carbon storage lower than
oil palm (less than 40 tons of carbon per hectare averaged over the 25 - 30 year lifespan of an
plantation).
Proposed
Plantations Home to Many Threatened Species The report points out that some 40 globally threatened mammal species are found
within the areas due to be deforested for
palm oil, including the Bornean orangutan and the Borneo pygmy elephant.
Indonesia's natural forests, losing 2 million hectares a year, have suffered some of the heaviest cutting and could disappear
within 10 years as they give way to timber and
oil -
palm plantations.