PNG and Australian lenders providing millions to companies involved in destructive rainforest logging
Release Date: 10 May 2023
In the last eight years, two finance companies and one equipment retailer have provided financing to at least 15 companies that are logging in PNG’s rainforests, new research by Act Now! and Jubilee Australia reveals. These loans are likely to have helped companies buy the bulldozers and trucks used to destroy millions of hectares of tropical rainforest.
Release Date: 06 Oct 2022
Nearly 70% of Papua New Guinea’s round log exports between 2019 and 2021 were concentrated in the hands of just ten groups of companies, all with strong links to Malaysia, according to new research by Act Now! and Jubilee Australia Research Centre.
Release Date: 20 Apr 2022
Research and advocacy organisations Act Now! and Jubilee Australia Research Centre have welcomed news that Papua New Guinea's largest bank has closed the accounts of 30 logging companies operating in the country.
Release Date: 01 Dec 2021
Commercial banks operating in Papua New Guinea have given at least $144 million (K300 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.
New Report Calls for a Dramatic Change from Extraction to Inclusion for Real Development in Papua New Guinea
Release Date: 06 Oct 2020
Oakland/Port Moresby/Sidney—With the release of a new report today, ACT NOW!, Jubilee Australia, and the Oakland Institute, call for an urgent change of course from political leaders in Papua New Guinea. The report, From Extraction to Inclusion, analyses the country’s economic and development performance since its independence in 1975.
Land Summit in Papua New Guinea: a dangerous attack on the country’s unique customary land tenure system
Release Date: 02 May 2019
Oakland/Sidney – Jubilee Australia and the Oakland Institute denounce the National Land Summit, organized by the Papua New Guinea (PNG) government, as a dangerous attack on the country’s unique customary land tenure system. In a briefing paper released today, Land Summit or Land Grab?, the two organizations detail how the summit organized on May 1-3 2019 is an attempt by the PNG