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Foreign investment

BP and the Tangguh test

Down to Earth No 52 February 2002


Since DTE last reported on this project in August 2001 (DTE 50), the international profile of BP's Tangguh gas development in West Papua has established it as a "test case" for putting good corporate intentions into practice. However, questions remain over how sincere BP is in carrying out its commitments. And how far external factors - like the Indonesian military - will limit the company's capacity to do so.

APP and debt-financed forest destruction

Down to Earth No 52, February 2002


The highly-indebted pulp and paper group, Asia Pulp and Paper (APP), commissioned an environmental audit in September to allay fears over rainforest destruction in Sumatra.

The shrimp industry

Down to Earth No 51 November 2001

 

Despite a poor social and environmental record across the globe, commercial aquaculture - intensive fish-farming - is still regarded as having a bright future in Indonesia. According to former marine affairs minister Sarwono, of Indonesia's total fish production, 82% is from capture fisheries. "We need to push for aquaculture to boost fish production" he told a March workshop.

CDC projects criticised over impacts

Down to Earth No. 50, August 2001


Communities in Kalimantan are trying to secure fair compensation for lands and resources from two oil palm plantation companies funded by CDC, the British private investment agency. Although some moves towards negotiations have been made, CDC still fails to acknowledge that the projects' policies on land acquisition and community relations have led to social conflict, deforestation and, for some communities, increased poverty.

Oil palm investments opposed

Down to Earth No. 49, May 2001


The government's plan to expand oil palm plantations could founder because it fails to address the underlying question of community rights to farmland and forests.

Oil palm remains a central plank of Indonesia's economic recovery strategy despite growing social unrest arising from disputes over plantation land.

Export credit finances destructive, debt-laden projects

Down to Earth No. 49, May 2001


A new NGO report has drawn attention to the role of export credit lending agencies in pulp and paper mills and other projects in Indonesia, which have led to increased deforestation and abuse of people's rights.

German company to build nickel smelter

Down to Earth No. 48 February 2001


PT Aneka Tambang, part-owned by the Indonesian state, has appointed Tessag Ina GmbH as its contractor to build and finance its planned new ferro-nickel plant in Pomalaa, Southeast Sulawesi. Two other ferro-nickel smelters are already in operation there. Construction of the 13,000 tonnes per year facility is expected to start in the first half of 2001 and it is scheduled to start production just over two years later. Financing is expected to come partially from Germany's IKB Deutsche Industriebank AG.