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HSBC funding the razing of Indonesian forests, says Greenpeace

The bank 'was party to giving out US$16.3b in loans since 2012 to errant oil-palm firms'

Vast tracts of Indonesian jungle have been cleared to create oil-palm plantations. The clearing by burning has resulted in forest fires, destroyed animal habitats and led to a toxic haze in the region.


GREENPEACE on Tuesday accused banking giant HSBC of helping to arrange billions of dollars in financing for companies whose palm-oil operations have been blamed for destroying vast swathes of Indonesian rainforest.

The environmental group said the British bank - which was...

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