Archer Daniels Midland to demand suppliers stop chopping down forests Agribusiness giant Archer Daniels Midland (NYSE:ADM) will establish a zero deforestation policy for its global commodity supply chains, potentially forcing its soy, palm oil, and cattle suppliers to also eliminate deforestation from their operations or face losing business with the firm. The move, announced today and expected to be formally approved in May, came after a campaign by institutional investors and environmentalist groups.
Chinese-backed smelter plan causes concern among Sulawesi fishermen As a pair of Chinese-owned miners companies proceed with plans to construct nickel smelters in Indonesia's Central Sulawesi province, in line with a national edict to increase in-country mineral processing capacity, locals fear the factories will only intensify environmental degradation from the same firms' mining operations and harm fishing communities that rely on the area.
Tracking companies' zero deforestation commitments Over the past three years dozens of companies have made 'zero deforestation commitments', establishing policies that set social and environmental safeguards for commodity sourcing and production. However these agreements are highly variable — some policies are quite strong, while others aren't worth the paper they're printed on. Furthermore, no one knows whether there will be follow through on the pledges.
Big surprise in the greenhouse: study finds economic costs of climate change hugely underestimated Look at most climate change projection graphs and you will see a smoothly rising red line of increasing temperature, melting ice and other impacts. But climate does not work that way. Studies of the paleoclimate record indicate that when heat energy is rapidly added to the atmosphere -- as humans are doing today -- the climate can experience “tipping points,” with abrupt shifts and potentially disastrous results.