Model of Development

New research reveals how commercial banks have supported PNG’s destructive logging boom

Commercial banks operating in Papua New Guinea have given at least K300 million (AU$144 million) in available credit, since 2000, to the country’s five largest exporters of tropical logs, a new report by Act Now! and Jubilee Australia Research Centre has revealed. 

Human rights abuses and bribery taint palm oil produced in Papua New Guinea

Global Witness

A two-year investigation shines a light on palm oil in Papua New Guinea, the notorious industry’s newest frontier. It reveals a litany of human rights abuses and the wide-scale destruction of tens of thousands of hectares of climate-critical rainforest, linked to major financial institutions including BlackRock, the world’s largest asset manager.

Logging and Forest Loss in Papua New Guinea

Download this article as a PDF - Logging and Forest Loss

The forests of Papua New Guinea perform a range of vital functions, supporting communities, ecosystems and the planet as a whole. Despite this, they remain under threat from unsustainable and often illegal logging by foreign logging companies.

The value of Papua New Guinea’s forests