HSBC to curb palm oil lending, review oil sands

Reuters - December 02, 2008 Read Full Article: http://www.wbcsd.org/plugins/DocSearch/details.asp?type=DocDet&ObjectId=MzI2OTc Environmental concerns have caused HSBC to scale back lending to forestry schemes in Malaysia and Indonesia and review links with Canadian oil sands, the British company told Reuters. HSBC will cut ties with a third of forestry clients such as palm oil, soy and timber companies, operating in countries where illegal logging and social conflicts are a problem, including… More information...

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