Action Alert: Deutsche Bank supports 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 collect 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.

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.

Click here to sign on to the call to get Deutsche Bank out of the rainforest