U.S. Herakles Farms Halts Cameroon Palm Oil Development | Reuters

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U.S. Herakles farms halts 1 U.S. military: 'improvised launch device' Cameroon palm oil development found near Air Force base in Japan

YAOUNDE Wed May 22, 2013 1:28pm EDT 2 Iran shakes up foundation controlled by Ayatollah's business empire 0 COMMENTS Tweet 14 Share 2 Share t his 1 Email Print 3 Dutch privacy watchdog says Google breaks data law RELAT ED NEWS May 22 (Reuters) - A company owned by New York venture Exclusive: Resource capital ﬁrm Herakles Capital has suspended work on a giant 4 Ex-Marine charged in California deals audit homeless killings dies in hospital overshadows Liberia palm oil plantation in Cameroon after protests by anti-graft push environmental groups and villagers, highlighting opposition 5 China military sends air patrols through new defense zone: Xinhua | to land acquisitions in Africa.

Herakles Farms, which also has operations in Ghana, said it halted development of its proposed 60,000 hectare plantation - an area 10 times the size of Manhattan - and laid oﬀ 690 workers while the Cameroonian government reviews the 2009 deal.

The company said in a statement the government had ordered it to cease preparing land near its Talangaye palm oil nursery pending an assessment of the public usefulness of the project to the region.

Environmental groups including Greenpeace and WWF have said the project violates Cameroon's laws, could endanger wildlife and deprive locals of their livelihoods.

Some villagers around Herakles' Talangaye nursery, where it is growing saplings for the plantation, have warned it would leave them without land for hunting and Follow Reuters growing their own crops.

Herakles has denied the allegations and has insisted it had received oﬃcial Facebook Twitter RSS YouTube permission to proceed. It said it was working with the Cameroonian government to resolve the issue quickly and it remained committed to the project. RECOMMENDED

Palm oil is the world's most important vegetable oil used in everything from Video shows Russia air margarine and soap to biofuel, with annual production around the world worth crash about $20 billion. Multi-rotor aircraf t a "revolution in… Critics say the palm oil industry is taking part in a land grab in Africa that reduces local food output in favour of crops for export, often stirring local opposition. How did Co-op bank chairman get his job? In Liberia, an independent study into Golden Veroleum's palm oil plantation recently demanded the company review its social and environmental policies. (Reporting by (MasterCard Newsroom - Tansa Musa; writing by Daniel Flynn; editing by James Jukwey) Sponsored) How South Af rica is Bringing Its Population… FILED UNDER: NON-CYCLICAL CONSUMER GOODS (Careerealism - Sponsored) Only 3 T hings Impress Empf ehlen Empf ehlen 18 Personen empfehlen das. Registriere dich, um die Empfehlungen deiner Freunde sehen zu können. Recruiters On A Resume

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