A coalition of 32 environmental organisations worldwide sent a letter to the world’s largest asset manager, BlackRock, asking it to divest from Drax Plc, owner of the world’s largest wood-burning power station in the UK, and to clarify its position on biomass energy. BlackRock is Drax’s joint third largest shareholder, holding a 5% stake in […]
Read MoreKiu Hung International Holdings Limited has announced the decision of its Board of Directors that it will not proceed with the project. Of the many pulp and paper capacity expansions around the world, few were are as misguided and as threatening to native and intact forests as the Amazar Pulp and Saw Mill (APSM, also […]
Read MoreOriginally published by Rivers without Boundaries Civil society attempts to prevent the worst environmental and social impacts from Chinese-owned pulp-mill development in Zabaikalsky province scored a new important tactical victory at Hong Kong Stock Exchange. The KHI toy-manufacturing company, which previously claimed that it wants to take over management of the “highly profitable Polaris Company” […]
Read MoreThe Environmental Paper Network (EPN) has submitted a complaint to the Hong Kong Stock Exchange on possible violations of disclosure requirements by Kiu Hung International Holdings Limited (Kiu Hung).[1] This company is interested in buying the Amazar pulp mill project located in the Zabaikalsky Province of Russia, also known as Polaris Project or Polarnaya. The […]
Read MoreOver one hundred Uruguayan, Finnish and International organizations have signed a joint statement against the plans of the Finnish pulp producer UPM to build a new pulp mill in Uruguay. The mill would have a capacity to produce 2.1 million tonnes of pulp a year. According to the statement, the megaproject will contribute to environmental […]
Read MoreBriefing by environmental groups highlights serious financial, legal and reputational risks 02 May 2019 – The Environmental Paper Network, Global Forest Coalition and Biofuelwatch have today issued a Briefing to investors that highlights the serious reputational, regulatory, legal, and financial risks associated with bioenergy projects that rely on wood from forests and tree plantations. The […]
Read MoreA pulp and paper mill in Siberia is a test case for China’s ecological vision, writes Eugene Simonov Facing growing demand for wood and shortages in domestic supply, Chinese authorities are pushing for greater imports from Russia, ignoring the fact that its neighbour will cease to be a reliable supplier within a decade. On the […]
Read MoreA year after the appeal of environmentalists, the placement of ZJR Company shares on the Shenzhen Exchange to raise funds for the construction of the Amazar Pulp and Saw Mill was finally canceled. If it cannot raise sufficient funds, the project proponents might not be able to complete the pulp mill project, which is expected […]
Read MoreA battle is ongoing in the world of pulp production as two giants, Suzano and APP/Paper Excellence, fight over Fibria, the world’s largest producer of eucalyptus pulp. In these battles, price tends to be the determining factor, but we urge Fibria’s shareholders, as well as the investors in this deal, to also take sustainability commitments […]
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