Wednesday, March 24, 2010

Breaking News - RTRS-UPDATE 1-Neste Oil wants key palm supplier to probe forest claim

SINGAPORE/KUALA LUMPUR, March 24 (Reuters) - Finnish refiner Neste Oil wants a major palm oil supplier for its biofuel plants to investigate accusations the Malaysian firm illegally cleared forests on Borneo island.
Neste's call comes as environmentalists successfully pressured top European palm oil buyers such as Unilever and Nestle to cancel contracts with planters who they say are fuelling global warning by felling forests.
A senior Neste official said the firm will conduct its own investigations into Malaysia's IOI Corp after Friends of the Earth published a report last week that looked into how IOI was expanding estates in Indonesian part of Borneo.