Both ENDS
A coalition of NGOs today launched the Financial Exclusions Tracker, a new website that tracks which companies are being excluded by investors and banks for sustainability reasons. Most excluded corporations are barred due to links to fossil fuels, weapons or tobacco.
Over the past 15 years the production of palm oil has increased enormously, and not without reason: palm oil, pressed from the fruit of the oil palm, is cheap and is used in many different products. It is processed in ice cream, chocolate, margarine and sauces, but also in personal care products and cosmetics such as lipstick, detergent, toothpaste, soap and biofuel. Unfortunately, the large demand for palm oil has quite some negative side effects: large-scale deforestation, pollution, 'land grabbing' and above all human rights violations are common practice in countries where palm oil is produced.
