Deutsche Bank boosts rainforest logging

 

The Deutsche Bank is looking for investors for further deforestation. Instead of species-rich rainforest more palm oil monocultures are planned in Indonesia and Africa „The Deutsche Bank is helping FELDA to take away our land and to cut down the rainforest“, says Mazlan Aliman. The courageous farmer is the spokesman of the Malaysian opposition. His cooperative disapproves of palm oil giant FELDA's stock market flotation that is planned for 28 June 2012. The money pouring in is going to be used for the large-scale clearance of rainforest. 
The Malaysian company FELDA Global Ventures Holding wants to raise three billion dollars for new palm oil plantation on the stock market. One of Germany's largest banks, the Deutsche Bank, is helping to search for investors. FELDA is the world's largest palm oil trader, the third largest owner of palm oil plantations and a leading sugar producer.

Money for rainforest destruction and votes 

FELDA has announced to use the money from the stock market to go on a shopping spree. Especially Indonesia and Africa are at the center of its focus. Rainforest areas are going to be bought, destroyed and turned into huge monocultures.
Moreover, there is reason for suspicion that the stock market money is about to be used to buy votes for the upcoming elections. Malaysia's Prime Minister Najib Razak has promised each company's member 5000 Dollars from the flotation. The prime minister's party and the FELDA staff are heavily intertwined.

Deutsche Bank supports logging and land grabbing 

Deutsche Bank is calling its approach ecologically and socially harmless. Mazlan Aliman and his fellow protesters take a different point of view: In their opinion FELDA's stock market flotation infringes their rights and amounts to a forced conversion. 
Please ask the Deutsche Bank to dissociate itself from FELDA and to refrain from any more land grabbing or logging.
Start of campaign: Jun 26, 2012
 https://www.rainforest-rescue.org/