|Thursday, 28 June 2012 10:36|
Joint business with palm oil producer FELDA
The palm oil company FELDA has already cleared hundreds of thousands of hectares of rainforest to build oil palm plantations instead. It is a dirty business that involves massive environmental destruction and species extinction and, as experience shows, human rights violation and land grabbing as well. Deutsche Bank now supports these dirty dealings and their expansion and, in conjunction with FELDA, prepares to go public. The expected gain from the stock exchange is three billion dollars. This sum is to be used for the clearing of forest for more oil palm plantations in Indonesia and Africa.
All this blatantly contradicts the new line allegedly adopted by Deutsche Bank: The new leadership has only just announced that their future actions shall be more sustainable than those carried out by its predecessor Ackermann.
Small-scale farmers in Malaysia protest against land seizures, whereas speculators have their eye on large profits: Shares have been oversubscribed 30 times.
SAVE calls upon Deutsche Bank to distance from these dirty dealings conducted to the detriment of man or nature and mark the beginning of the truly sustainable corporate policies!
Deutsche Bank as a destroyer of rainforest