10/5/2010, "Carbon Conservation gets into bed with Asia Pulp and Paper, one of Indonesia’s biggest forest destroyers," redd-monitor.org, Chris Lang
The fact that the MoU was signed in Beijing reflects the dominance of China (or Chinese interests)over much of Indonesia’s palm oil and pulp sectors.
Sino-Forest, several of whose affiliates are registered in a British tax haven (the Virgin Islands), has for some time promoted its success in acquiring a logging business in Suriname, a country whose newly elected President is subject to an international arrest warrant for drug smuggling."
@Greenheart – Norway’s Government Pension Fund Global holds $23,827,324 of shares in Sino Forest Corp, so perhaps you should contact them to see how that fits with their ethical guidelines and Norway’s wider climate goals. Norway is also invested in a defacto way in this voluntary carbon offset market APP/Carbon Conservation REDD deal. How? Norway owns $17,831,263 of shares in Golden Agri Resources (GAR), which in turn controls Asia Pulp and Paper (APP) and Sinar Mas Forestry (and PT SMART, the massive oil palm arm of the group). Norway also holds $200,000 of shares in Indah Kiat Pulp and Paper – a subsidiary of APP that eats up lots of the natural forests controlled by Sinar Mas Forestry in Riau."
Among Vice Presidents of the Board of Directors
"Mr. Chen Deyuan: Chairman of Sino-Forest Corporation"