Down to Earth No 52, February 2002
Three of the biggest banks in the Netherlands - ABN AMRO, Rabobank and Fortis - have agreed to stop or substantially restrict financing for oil palm development in Indonesia on environmental and social grounds. This is the result of a joint campaign by the Indonesian oil palm advocacy network, Sawit Watch, Milieudefensie (Friends of the Earth NL) and Greenpeace Netherlands following the disastrous 1997/8 forest fires in which10 million hectares of forest land were burnt. Oil palm and pulp plant feeder companies were the main offenders.