The federal government says the Ecological Fiscal Transfer (EFT) approach has spurred state governments to expand protected areas and run more conservation programmes. Yet as environmentalists are calling for more EFT funding, our latest analysis finds little transparency on most of the money disbursed, despite some state-level data from Johor and Sabah.
A report finds OCBC – alongside other Singapore lenders – among the top financiers of Indonesia's Harita’s coal-powered nickel smelters. The bank's CSO says it is "not pragmatic" to expect nickel production to be fully renewables-powered.