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Sinar Mas caught misleading stock exchange and customers

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In a humiliating blow to Sinar Mas, independent auditors have asked the group publicly correct its interpretation of their recently published survey of Sinar Mas operations. In the process, the auditors confirmed Greenpeace claims that Sinar Mas is responsible for rainforest and peatland destruction. Published today, the "clarification" also shows that Sinar Mas statements, including those made to the Singapore Stock exchange, misled shareholders and customers. Greenpeace has written to the stock exchange asking for Golden Agri Resources, parent company of audit subject PT SMART, to be investigated for providing deliberately misleading information.

"Today's announcement shows that Sinar Mas has manipulated the audit findings to try to convince shareholders and customers that they are a responsible and sustainable company. Now the truth is out. The audit shows that Sinar Mas repeatedly broke Indonesian law, RSPO rules and its own sustainability commitments," said Rolf Skar, senior forest campaigner with Greenpeace.

Indonesia  Sinar Mas  deforestation  rainforest 

Last Updated on Sunday, 22 August 2010 19:20 Read more...
 

Today's atmospheric CO2 could be tomorrow's synthetic fuel

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Carbon dioxide (CO2) is a greenhouse gas that is produced in large quantities, along with water vapour, when hydrocarbon fuels based on coal, oil and natural gas are combusted to drive power stations, or the wheels of industry, or the engines of transport by road, rail air and sea. The rising levels of atmospheric CO2 chart the evolution of increasingly industrialised, increasingly mobilised, increasingly consumerised societies. They also chart the increasing risk - if the IPCC is correct in its prognostications - of unavoidable and potentially catastrophic climate change due to greenhouse-gas-mediated global warming. It is a scenario that is deeply troubling to many on planet Earth. If only we could directly reverse the rise by sucking the CO2 and water vapour out of the air, and turning them back into the hydrocarbon fuels they came from. It sounds a fanciful notion, but in fact it isn't. In fact it is being done right now - on a small pilot scale, admittedly - by scientists at the Danish National Laboratory for Sustainable Energy, Risø DTU, reports professional journal Ingeniøren (The Engineer). CO2  Denmark  biofuels  carbon emissions  synthetic fuel 

Last Updated on Wednesday, 18 August 2010 16:38 Read more...
 

Greenpeace response to Sinar Mas "verification exercise"

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"The Sinar Mas audit largely confirms Greenpeace findings. It shows that Sinar Mas has been clearing forests and peat lands. Also it confirms that the company has been operating without the necessary permits and has been clearing deep peat illegally," said Bustar Maitar, Greenpeace Southeast Asia Forest Team Leader. "The Sinar Mas spin is a poor attempt at brand protection that does nothing to challenge Greenpeace's findings. We've repeatedly shown that Sinar Mas says one thing and does another. They destroy peatland and call it water management. They clear rainforests and say that they're developing degraded land," he added. "But instead of acting on our findings, which conclusively prove Sinar Mas destroys rainforests and peatlands, they're trying to greenwash their image," added Maitar said. Between 2007 and July 2010 (1), Greenpeace International released a series of reports exposing the impact of the Sinar Mas Group's pulp, paper and oil palm divisions on climate, forests, peatlands and tiger and orangutan habitats. Indonesia  Sinar Mas  deforestation  palm oil  rainforest 

Last Updated on Monday, 16 August 2010 15:40 Read more...
 

Danish export opportunities in cleantech to Czech Republic

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With its central geographical location in Europe and an increasing need for green technology, the Czech Republic is an obvious target for Danish companies specialising in this area , says the Danish Chamber of Commerce. The news is reported by financial daily newspaper Børsen. Renewable energy sources only account for a tiny share of the Czech Republic's total energy production, but the government has set the ambitious objective that 8% of the country's total energy production must be generated from renewable sources by the end of this year. Ascha L. Pedersen at the Danish Chamber of Commerce told Børsen: "As in many other European countries, the Czech energy sector is currently seeing major growth at the same time as the EU is making increasing demands to a greater share of total energy production coming from renewable energy. It means that in the future there will be good opportunities in the Czech energy sector for Danish companies in areas such as biomass, solar energy and especially wind energy, where there is major potential awaiting." Czech Republic  Denmark  clean tech  cleantech  export 

Last Updated on Saturday, 14 August 2010 23:12 Read more...
 

Under fire rainforest destroyer caught breaking promises

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A new Greenpeace investigation into the operations of Sinar Mas, one the most notorious destroyers of Indonesia's rainforests, reveals how it is continuing to break its own environmental commitments on protecting forests and peatland. Publishing new photographic evidence, aerial monitoring and field analysis, Greenpeace International today details how the Sinar Mas group continues to clear rainforest containing priceless biodiversity - such as orang-utan habitat - and carbon-rich peatlands, despite public promises it has made to clean up its act. The revelations also highlight Sinar Mas' ambitions to expand its pulp and palm oil empire into millions more hectares across Indonesia, including large tracts of rainforest and peatland in the province of Papua. These ambitions are outlined in confidential Sinar Mas documents obtained by Greenpeace. Last week, the head of Sinar Mas' palm oil division confirmed the company's intentions to expand its empire by an additional 1 million hectares. Indonesia  Sinar Mas  deforestation  palm oil  rainforest 

Last Updated on Monday, 02 August 2010 16:05 Read more...
 
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