News / #mining
The International Seabed Authority has raised concerns over The Metals Company’s bid to bypass multilateral oversight by seeking US permits for deep-sea mining in international waters.
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.
Indonesia’s largest environmental group, Walhi, has filed a complaint with the Attorney General’s Office, accusing 47 companies in the palm oil, mining and forestry sectors of corruption and environmental destruction, allegedly causing 437 trillion rupiah (US$26.5 billion) in state losses.
Local Indigenous communities say the mining sites have put their food security at risk, with pollution affecting fruit trees and root vegetables as well as depletion of local fisheries.
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