PART ONE: ILLEGAL LOGGING
Another one of the most biodiverse rainforests in the world will be extinct soon. Approximately 60 percent of Indonesia's lowland forest in the three major islands was cleared between 1985-1997. The Indonesian pulp and paper industry is destroying rainforest at such an astonishing rate that it will all be gone in a few years. Not centuries. Years.
Indonesia has one of the world's largest areas of remaining forest but also the second highest deforestation rate on the planet. The World Bank estimates that 2m hectares of forest a year, an area the size of Belgium, is being wiped out - the same rate of deforestation as the Amazon rainforest in Brazil. Somewhere between 50% and 70% of Indonesia's rainforests have now been destroyed, experts estimate.
In addition to the climatological consequences and the sheer sadness of destroying the trees, this rainforest is home to tigers, elephants, rhinos, and orangutans. The population of the latter has declined by half in the last decade.
Citigroup, North America’s largest financial institution, is a key financial backer of palm oil plantations and pulp and paper operations in Indonesia. It is business partners with Indonesian palm oil company, London Sumatra (Lon Sum), a company that has been implicated in bulldozing and burning vast areas of forests, as well as violating the human rights of indigenous peoples. Citigroup is also a top investor in Asia Pulp and Paper (APP), one of Indonesia’s largest and most destructive pulp and paper operators.
Another consequence of illegal
logging.