18 Apr '11, 7pm

Palm oil lobby attacks World Bank's new social and environmental safeguards via @mongabay

Palm oil lobby attacks World Bank's new social and environmental safeguards via @mongabay

Palm oil is used widely in processed foods, cosmetics, and soaps. It is also increasingly used as a biofuel. But palm oil's emergence as a economic juggernaut in Indonesia and Malaysia has come at a cost. By some estimates, more than half of oil palm expansion since 1990 occurred at the expense of forests, spurring criticism from environmentalists concerned about greenhouse gas emissions and loss of habitat for endangered wildlife—including orangutans, pygmy elephants, Sumatran rhinos and tigers. Oil palm plantation development has also at times exacerbated conflicts over land.

Full article: http://news.mongabay.com/2011/0418-palm_oil_lobby_v_world...

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