res : Untuk supaya kerusakan hutan dicegah dan dihentikan, maka pulau Jawa 
harus dimerdekakan berdaulat penuh sebagai negara sesuai dengan batas 
geografisnya. Ini bukan separatisme seperti yang sering dituduhkan, tetapi 
untuk menciptakan kesejahteraan bersama berdasarkan hukum, antara lain seperti 
dikemukakan dalam mukadimah UUD 45, “Kemerdekaan adalah hak semua bangsa”!

http://www.nytimes.com/2016/12/03/business/energy-environment/how-big-banks-are-putting-rain-forests-in-peril.html?src=me&_r=0



How Big Banks Are Putting Rain Forests in Peril
By HIROKO TABUCHIDEC. 3, 2016 

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Young orphaned orangutans on a climbing expedition with their keeper at 
International Animal Rescue’s orangutan school in West Kalimantan, Indonesia. 
Credit Kemal Jufri for The New York Times In early 2015, scientists monitoring 
satellite images at Global Forest Watch raised the alarm about the destruction 
of rain forests in Indonesia.

Environmental groups raced to the scene in West Kalimantan province, on the 
island of Borneo, to find a charred wasteland: smoldering fires, orangutans 
driven from their nests, and signs of an extensive release of carbon dioxide 
into the atmosphere.

“There was pretty much no forest left,” said Karmele Llano Sánchez, director of 
the nonprofit International Animal Rescue’s orangutan rescue group, which set 
out to save the endangered primates. “All the forest had burned.”

Fingers pointed to the Rajawali Group, a sprawling local conglomerate known for 
its ties to powerful politicians like Malaysia’s scandal-plagued prime 
minister. But lesser known is how some of the world’s largest banks have helped 
Rajawali — and other global agricultural powerhouses — expand their plantation 
empires.

The year before the clearing of trees in West Kalimantan, Rajawali’s plantation 
arm secured $235 million in loans — funds that the Indonesian company used to 
buy out a partner and bolster its landholdings — from banks including Credit 
Suisse and Bank of America, according to an examination of lending data by The 
New York Times.

The deal forms part of at least $43 billion in loans and underwriting to 
companies linked to deforestation and forest burning in Southeast Asia alone, 
according to a tally compiled by the California-based Rainforest Action 
Network, the Dutch consultancy Profundo and the Indonesian nongovernmental 
organization TuK Indonesia. More than a third of that sum comes from American, 
European and Japanese banks, many of which have sustainability pledges that 
specifically mention deforestation.

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Remnants of burned trees on peatland forest destroyed by fire last year in West 
Kalimantan province, Indonesia. Credit Kemal Jufri for The New York Times 
That figure is almost certainly incomplete because not all financing is made 
public. It also excludes loans made by the same banks to forestry projects 
outside Southeast Asia, or financing provided to other, more global players. 
And it contrasts with efforts by companies like Nestlé and Procter & Gamble to 
distance themselves from suppliers linked to deforestation.

And while there has been a growing movement among endowments and pension funds 
to divest from the fossil-fuel industry — and banks have started to back away 
from financing coal projects — any move away from deforestation has been slower 
to catch on, experts say. The role of banks has come under the spotlight in 
recent weeks after environmentalists called out banks like Bank of America and 
Goldman Sachs for financing the contentious Dakota Access oil pipeline project.

The money is aiding a process that scientists say destroys ecosystems, 
displaces indigenous communities and covers the region each year in a thick, 
suffocating smog that stretches from Jakarta to Hong Kong.

Deforestation — and the fires that frequently accompany it — also generates 
one-tenth of total global warming emissions, making forestry loss one of the 
biggest single contributors to global warming, according to the Union of 
Concerned Scientists.

“Destroying the world’s forests makes fighting climate change almost 
impossible,” said Andrew W. Mitchell, executive director of the Global Canopy 
Programme, a forestry think tank. “The finance sector is really lagging behind 
in realizing that.”

The Palm Oil Boom
In funding Rajawali’s palm oil plantations, the banks appear to have violated 
their own sustainability policies. In its forestry and agribusiness policy, 
adopted in 2008, Credit Suisse says it will not finance or advise companies 
with operations in “primary tropical moist forests” like those of West 
Kalimantan. Bank of America says in a banking policy, adopted in 2004, that it 
will not finance commercial projects that result in the clearing of primary 
tropical moist forests.

The 2014 deal financed Rajawali’s expansion into palm oil by helping the 
conglomerate buy out a former partner, invest in new palm oil mills and 
increase its landholdings. Demand for palm oil is surging worldwide, driven by 
rising incomes in markets like China and India and a switch away from trans 
fats by Americans and Europeans.
Photo 
 
Baby orangutans on the way to the International Animal Rescue’s center in West 
Kalimantan, Indonesia. Credit Kemal Jufri for The New York Times 
Rajawali’s plantations have been accused by environmental and labor groups of 
deforestation and illegal burning. Indonesia is one of the world’s biggest palm 
oil producers, and forestry loss there and elsewhere ranks as one of the 
biggest single contributors to global warming.

Sebastian Sharp, a spokesman for Rajawali’s plantation arm, acknowledged that 
the burning and clearing on its West Kalimantan forest sites might be illegal 
but said local communities encroaching on its properties and starting the fires 
were to blame. He said the company did not engage in illegal burning or 
clearing.

Credit Suisse declined to comment on its Rajawali deal or to say whether the 
deal violated its sustainability policies. A Bank of America spokesman, Bill 
Halldin, said that the most serious accusations against Rajawali came after the 
2014 loan, in which the bank played “a very small role.”

“Today, we would certainly consider more information before making any decision 
on any client,” he said.

Brigitte Seegers, a spokeswoman for ABN Amro, declined to comment.

A Deadly Haze
Climate concerns have been brought into sharp relief by the impending 
presidency of Donald J. Trump, who has called climate change a hoax. Mr. Trump 
has said he will pull the United States out of the Paris accord, a commitment 
by 195 countries to take concrete measures to reduce planet-warming carbon 
emissions.

Daily emissions from Indonesia’s forest fires last year at times exceeded 
emissions produced by all economic activity in the United States. A recent 
Harvard and Columbia study estimated that the fires caused at least 100,000 
premature deaths across Southeast Asia. The World Bank estimates that the fires 
cost Indonesia’s economy $16 billion.

Although deforestation has slowed in many parts of the world, notably in the 
Brazilian Amazon, forest clearing is on the rise in Southeast Asia. Indonesia, 
in particular, suffers the world’s highest rates of forest loss, an average of 
almost 2.1 million acres a year, a study published in 2014 found.

Photo 
 
Burned peatland that was home to orangutans before it was destroyed in 2015. 
Credit Kemal Jufri for The New York Times 
About 15 percent of the world’s historical forest cover remains intact, 
according to the World Resources Institute. The rest has been cleared or 
degraded or is in fragments.
Rajawali originally operated its palm plantation business, Green Eagle 
Holdings, as a joint venture with the French conglomerate Louis Dreyfus. But 
starting in 2014, Rajawali took the first step to consolidate the palm oil 
business under its control, and invest in new infrastructure.

Its loans from Western banks were crucial. In January 2014, Green Eagle 
attracted a $120 million loan from a group of lenders led by ABN Amro. In July 
of that year, it scored an even bigger loan of $235 million from a syndicate 
led by Credit Suisse. Bank of America also took part in that loan.

The financing allowed Green Eagle to buy out Louis Dreyfus to invest in new 
palm oil mills and increase its landholdings. In November 2014, Green Eagle 
merged with another plantation operator, BW Plantation; Rajawali is majority 
shareholder of the resulting company, Eagle High Plantations.

The banks issued those loans as Rajawali was being accused of extensive forest 
and peatland destruction, illegal burning, use of child labor and the use of 
force against workers at plantations under its control.

Land-cover mapping by the Indonesian Ministry of Environment and Forestry, and 
satellite imagery from Global Forest Watch, show forest loss at two sites in 
West Kalimantan from 2011 to 2013 and again in 2015, with much of the forest 
gone by the end of the year. Those sites included around 11,000 hectares of 
peat, which, when set alight, can smolder for months underground.

Zamzami, who goes by one name, a Greenpeace staff member in Indonesia who 
visited a Rajawali plantation in West Kalimantan in September 2015, said the 
burning continued. “It was difficult to breathe because of the smoke,” he said 
in field notes. “Far away, on the horizon, I could see the forest wall.”

Photo 
 
An orphaned baby orangutan playing with its keeper at International Animal 
Rescue’s orangutan school in Indonesia. Credit Kemal Jufri for The New York 
Times 
Confronting Child Labor
Eagle High is now one of Indonesia’s largest palm oil plantation operators, 
with more than a million acres in land rights under its control, according to 
an investors’ presentation dated September 2014.
Human rights organizations have reported that children as young as 6 work to 
support their parents in another Rajawali-controlled plantation in the Papua 
province. That plantation has promised to support the abolition of child labor 
by ensuring that there are no children on plantation sites.

In December 2015, a 22-year-old worker was shot dead at the plantation by state 
security forces. It was unclear why state forces were on private property.

Mr. Sharp, the Eagle High spokesman, blamed local villagers for the forest 
clearing and burning on its sites. “It’s being done by local communities, and 
we have no control over that,” he said. Environmental groups argue that 
plantation companies are responsible for protecting their sites.

Mr. Sharp said that there were instances in which workers brought their 
children to plantations but that the company was “trying to brainstorm ways in 
which we can stop them from doing that.”

He also questioned the wisdom of Indonesian labor law. “Why can’t we hire 
children at 15? Families need income,” he said. Under the country’s law, the 
minimum age for hazardous work, including jobs on plantations, is 18.

The worker who was killed, Marvel Doga, was “drunk and violent, poured petrol 
everywhere and threatened to set fire, and he had with him a bow and arrow” 
when nearby state security forces tried to incapacitate him, leading to his 
death, Mr. Sharp said. He said Eagle High paid “thousands of dollars” to his 
family in compensation.

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Photo 
 
An ailing baby orangutan resting atop a teddy bear at the International Animal 
Rescue clinic in West Kalimantan. Credit Kemal Jufri for The New York Times 
Credit Suisse and ABN Amro declined to discuss specific deals. Bank of America 
declined to comment on the accusations.

But in a February 2015 research note, Credit Suisse deemed Rajawali’s palm oil 
push a success. Eagle High’s increased landholdings and land rights signaled 
“significant headroom for expansion” of palm oil production, Priscilla Tjitra, 
an equity analyst for the bank, said in a report to clients.

“The allocation of finance is so influential in our economy and to our 
environment,” said Tom Picken of the Rainforest Action Network. “But there’s 
little way we can hold financial sectors to account.”

Running Out of Refuges
The orangutan rescues continue. The world has lost 60 percent of its population 
of Bornean orangutans since 1950, according to the International Union for 
Conservation of Nature. In July, the Bornean orangutan was listed as critically 
endangered.

International Animal Rescue, which runs a temporary shelter for about 100 
orangutans in West Kalimantan, said its staff had rescued roughly 50 of the 
primates during the 2015 burning season, twice the number the organization 
rescues in an average year.

“They were all starving, all skinny,” said Ms. Sánchez, the orangutan rescue 
group’s director. So far this year, about 25 orangutans have been rehabilitated.

“The problem is that every time an area is destroyed and orangutans are under 
real threat, we have to look for areas to release them, and that’s 
challenging,” she said. “We’re running out of places where we can release these 
orangutans.”

In September, Rajawali’s plantation arm secured a $192 million loan from Bank 
Negara Indonesia, a state bank, to refinance the debt held by its plantation 
subsidiaries and to double the capacity of palm oil refineries in Papua and 
West Kalimantan.

Bank Negara Indonesia’s sustainability policies say that its clients must adopt 
“minimum environmental, social and governance standards.” The bank did not 
respond to requests for comment.

Correction: December 4, 2016 

An earlier version of this article misstated the number of countries involved 
in the Paris accord on planet-warming carbon emissions. It is 195, not 95.

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