A secret one hundred year 'conservation' and 'carbon credit' deal for Sabah's rainforests signed off by the Deputy Chief Minister has been estimated at a profit value of $80 BILLION, of which 30% was assigned under confidential terms' to a small company owned by a known business partner. He is threatening action against those who have spilt the beans...
KOTA KINABALU, Feb 7 Parti Warisan today lodged a report with the Malaysian Anti-Corruption Commission (MACC) over the controversial carbon trade deal touted by Deputy Sabah Chief Minister Datuk Seri Jeffrey Kitingan. Its secretary-general Datuk Loretto Padua Jr said that he made the report as.
Adrian Lasimbang, an Indigenous leader in Malaysian Borneo, is suing the state of Sabah, contesting a recently signed agreement selling the rights to carbon and other natural capital from 2 million hectares (4.9 million acres) of forest to a foreign company for the next 100 years. The deal allows Hoch Standard Pte. Ltd., a Singaporean […]
“Bornean communities locked into 2-million-hectare carbon deal they don’t know about” – 9 Nov 2021, Mongabay This was the headline Sabah woke up to on the morning of November 10th. Before the Mongabay story broke, I heard from Australian friends and allies as early as July that something was afoot. Forests, carbon, climate and communities […]
Leaders in the Malaysian state of Sabah on the island of Borneo have begun to share more about a murky arrangement in which the rights to carbon and other ecosystem services from the state’s forests were sold to a foreign company. On Oct. 30, state authorities signed a “nature conservation agreement” with a Singaporean firm, […]