{"id":3711,"date":"2013-03-14T00:22:31","date_gmt":"2013-03-14T00:22:31","guid":{"rendered":"https:\/\/orangutan.com\/?p=3711"},"modified":"2013-03-14T00:22:31","modified_gmt":"2013-03-14T00:22:31","slug":"conservation-news-norway-drops-asian-palm-oil-firms-in-show-of-green-credentials","status":"publish","type":"post","link":"https:\/\/orangutan.com\/conservation-news-norway-drops-asian-palm-oil-firms-in-show-of-green-credentials\/","title":{"rendered":"Conservation News: Norway Drops Asian Palm Oil Firms in Show of Green Credentials"},"content":{"rendered":"<figure id=\"attachment_3712\" aria-describedby=\"caption-attachment-3712\" style=\"width: 315px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/orangutan.com\/wp-content\/uploads\/2013\/03\/20130309130625344.jpg\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-3712\" alt=\"A worker holds a handful of palm oil seeds (AFP Photo\/Sutanta Aditya)\" src=\"https:\/\/orangutan.com\/wp-content\/uploads\/2013\/03\/20130309130625344.jpg\" width=\"315\" height=\"208\" srcset=\"https:\/\/orangutan.com\/wp-content\/uploads\/2013\/03\/20130309130625344.jpg 315w, https:\/\/orangutan.com\/wp-content\/uploads\/2013\/03\/20130309130625344-300x198.jpg 300w\" sizes=\"(max-width: 315px) 100vw, 315px\" \/><\/a><figcaption id=\"caption-attachment-3712\" class=\"wp-caption-text\">A worker holds a handful of palm oil seeds (AFP Photo\/Sutanta Aditya)<\/figcaption><\/figure>\n<p><strong>Joachim Dagenborg &amp; Alister Doyle for the Jakarta Globe<\/strong><\/p>\n<p>Norway\u2019s $710 billion sovereign wealth fund has pulled out of 23 Asian palm oil companies after accusing them of causing deforestation, winning praise from environmentalists.<\/p>\n<p>It said it sold stakes in the firms after a review of companies that have cleared forests for palm oil plantations in Malaysia and Indonesia. Palm oil is used in many foods and consumer goods such as soaps, lipstick and peanut butter.<\/p>\n<p>The fund is one of the world\u2019s biggest investors, underpinned by Norway\u2019s oil and gas assets. Last year it expanded its investment guidelines to include deforestation as a threat to future growth.<\/p>\n<p>Stakes in firms including Wilmar, KL Kepong and Golden Agri-Resources Ltd were sold during 2012, according to the fund\u2019s annual report released on Friday.<\/p>\n<p>Of these, the biggest holding had been in Singapore-listed Wilmar, worth 382 million crowns ($67.29 million).<\/p>\n<p>\u201cIn the first quarter of 2012 we sold our stakes in 23 companies that by our reckoning produced palm oil unsustainably,\u201d the fund said, without naming any firms.<\/p>\n<p>Norway has given more than any other developed nation to help slow deforestation, partly as a way to avert climate change. Indonesia is home to the world\u2019s third-largest expanse of tropical forests and is the top producer of palm oil. Malaysia is the world\u2019s second largest producer.<\/p>\n<p>This excerpt is courtesy of the Jakarta Globe and can be read in its entirety by clicking this<a href=\"http:\/\/www.thejakartaglobe.com\/business\/norway-drops-asian-palm-oil-firms-in-show-of-green-credentials\/578573\"> link<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Joachim Dagenborg &amp; Alister Doyle for the Jakarta Globe Norway\u2019s $710 billion sovereign wealth fund has pulled out of 23 Asian palm oil companies after accusing them of causing deforestation, winning praise from environmentalists. It said it sold stakes in the firms after a review of companies that have cleared forests for palm oil plantations [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3711","post","type-post","status-publish","format-standard","hentry","category-news-center"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Conservation News: Norway Drops Asian Palm Oil Firms in Show of Green Credentials - Orangutan Conservancy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/orangutan.com\/conservation-news-norway-drops-asian-palm-oil-firms-in-show-of-green-credentials\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Conservation News: Norway Drops Asian Palm Oil Firms in Show of Green Credentials - Orangutan Conservancy\" \/>\n<meta property=\"og:description\" content=\"Joachim Dagenborg &amp; Alister Doyle for the Jakarta Globe Norway\u2019s $710 billion sovereign wealth fund has pulled out of 23 Asian palm oil companies after accusing them of causing deforestation, winning praise from environmentalists. It said it sold stakes in the firms after a review of companies that have cleared forests for palm oil plantations [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/orangutan.com\/conservation-news-norway-drops-asian-palm-oil-firms-in-show-of-green-credentials\/\" \/>\n<meta property=\"og:site_name\" content=\"Orangutan Conservancy\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/orangutanOC\" \/>\n<meta property=\"article:published_time\" content=\"2013-03-14T00:22:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/orangutan.com\/wp-content\/uploads\/2013\/03\/20130309130625344.jpg\" \/>\n<meta name=\"author\" content=\"Raffaella Commitante\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@orangutanOC\" \/>\n<meta name=\"twitter:site\" content=\"@orangutanOC\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Raffaella Commitante\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/orangutan.com\/conservation-news-norway-drops-asian-palm-oil-firms-in-show-of-green-credentials\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/orangutan.com\/conservation-news-norway-drops-asian-palm-oil-firms-in-show-of-green-credentials\/\"},\"author\":{\"name\":\"Raffaella Commitante\",\"@id\":\"https:\/\/orangutan.com\/#\/schema\/person\/9d8305d1735a250cc22ce913038438e6\"},\"headline\":\"Conservation News: Norway Drops Asian Palm Oil Firms in Show of Green Credentials\",\"datePublished\":\"2013-03-14T00:22:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/orangutan.com\/conservation-news-norway-drops-asian-palm-oil-firms-in-show-of-green-credentials\/\"},\"wordCount\":274,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/orangutan.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/orangutan.com\/conservation-news-norway-drops-asian-palm-oil-firms-in-show-of-green-credentials\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/orangutan.com\/wp-content\/uploads\/2013\/03\/20130309130625344.jpg\",\"articleSection\":[\"News Center\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/orangutan.com\/conservation-news-norway-drops-asian-palm-oil-firms-in-show-of-green-credentials\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/orangutan.com\/conservation-news-norway-drops-asian-palm-oil-firms-in-show-of-green-credentials\/\",\"url\":\"https:\/\/orangutan.com\/conservation-news-norway-drops-asian-palm-oil-firms-in-show-of-green-credentials\/\",\"name\":\"Conservation News: Norway Drops Asian Palm Oil Firms in Show of Green Credentials - 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