Norway is by far the biggest donor to REDD initiatives around the world, with two billion dollar deals, one in Brazil and one in Indonesia. But Norway’s Pension Fund invests way more in companies responsible for rainforest destruction.
Category: Malaysia
Dams and logging in Sarawak: Can REDD stop the destruction?
In 2011, the 2,400 MW Bakun dam started operations in Sarawak, Malaysia. Transparency International described the US$2.2 billion project as a “monument to corruption”. The reservoir behind the dam flooded 70,000 hectares of forest. About 10,000 Indigenous People were forced into new houses that they had to pay for themselves.