A recent Global Witness report on WWF’s GFTN programme has in particular targeted Malaysian company Ta Ann. This company has replied with a statement refuting the allegations and claiming the legality and origin of its timber had been verified by TFT.
Stora Enso Concludes Acquisition of the Majority of Packaging Company Inpac International in China and India
Helsinki, Finland, Jul 28, 2011 - Stora Enso has completed the acquisition of 51% of the Chinese packaging company Inpac International as announced on 27 October 2010. The enterprise value of the company is EUR 80 million. Stora Enso will also purchase the production plant site and buildings at Qian’an in northern China for approximately EUR 13 million.
Host Country Agreement signed between Spain and EFI
A Host Country Agreement has been signed by the Kingdom of Spain and the European Forest Institute. The agreement was signed yesterday by Cristina Garmendia Mendizabal, Minister for Science and Innovation of Spain and Risto Päivinen, Director of EFI.
The Sale of UPM’s Logging Company in Russia to International Paper is Closed
Helsinki, Finland, Jul 28, 2011 - All the necessary approvals concerning the sales of UPM’s Russian logging company ZAO Tikhvinsky Komplexny Lespromkhoz to International Paper have been obtained and the transaction has been closed.
REDD+ Finance – is the money reaching the forests?
In recent years the transfer of climate finance has emerged as a policy response to equitably addressing climate change mitigation and adaption in developing countries.
Palm oil, paper drive large-scale destruction of Indonesia's forests, but account for diminishing role in economy, says report mongabay.com
Indonesia's forests were cleared at a rate of 1.5 million hectares per year between 2000 and 2009, reports a new satellite-based assessment by Forest Watch Indonesia (FWI), an NGO. Expansion of oil palm and wood-pulp plantations were the biggest drivers of deforestation, yet account for a declining share of the national economy.
Ethiopia gives farmland to foreigners while thousands starve
A Survival investigation has uncovered alarming evidence that some of Ethiopia’s most productive farmland is being stolen from local tribes and leased to foreign companies to grow and export food – while thousands of its citizens starve during the devastating drought.
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