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farmlandgrab org | Pollution and green washing Problems around Socfin plantations continue

Pollution and green washing Problems around Socfin plantations continue Civil society groups working with communities affected by the rubber and oil palm plantations of the Socfin group use today s Annual General Meeting of the company to speak out about ongoing problems.   Socfin is a Luxembourg-based conglomerate, 40% owned by the Bolloré group, that has amassed 400,000 hectares of land concessions in 10 countries of Africa and Asia. Key issues arising in the last year include disputes about water pollution and land use, and questions around the company s Roundtable on Sustainable Palm Oil certification process.   For 2020, Socfin reported a consolidated net profit of about €30 million. The three main holdings of the group - Socfin SA, Socfinaf SA and Socfinasia SA - paid out dividends of €13.7 million. Nearly three-quarters of that (€10.1 million) went to top shareholders Vincent Bolloré and Hubert Fabri or companies controlled by them. In addition, the holdings pai

Utilizing Senix ToughSonic Sensors for Palm Oil Tank Measurement

Due to an increasing drive for sustainability, palm oil producers are becoming ever more conscious of efficiency. For this, tank measurement is critical. Senix's ToughSonic sensors allow for accurate and efficient level measurement.

Amazon palm oil has not lived up to its promise of sustainability (commentary)

Amazon palm oil has not lived up to its promise of sustainability (commentary) In this commentary, Mongabay founder Rhett A. Butler says a new investigation by Mongabay-Brasil casts doubt on the Brazilian palm oil industry’s promise to usher in a new era of sustainable palm oil in the Amazon. “In the late 2000s and the early 2010s, the Brazilian palm oil industry told us that oil palm plantation expansion would take a different path than in Southeast Asia,” he writes. “We were told that by limiting oil palm plantations to low-yielding cattle pasture that was long ago carved out of the region’s forests, palm oil could increase carbon storage, create more economic activity and employment, and help restore ecosystem services all without deforestation.”

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