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Zhang Lu (right) of Shanghai Shenhua FC vies with Diego Oliveira of FC Tokyo during a Group F football match of the AFC Champions League in Doha, Qatar on Friday.

29 Nov 2020, 12:00 am0

‘HSBC funding Indonesian forest destruction’

AFP, Jakarta :Greenpeace on Tuesday accused banking giant HSBC of helping to arrange billions of dollars in financing for companies whose palm oil operations have been blamed for destroying vast swathes of Indonesian rainforest.The environmental group said the British bank had broken its own guidelines which ban supporting palm oil companies involved in unsustainable practices as it was part of syndicates that had arranged $16.3 billion of loans since 2012.The bank was also involved in arranging nearly $2 billion of...

18 Jan 2017, 12:00 am