Palm oil is one of the sweetheart crops for the production of biofuels. From the Sydney Morning Herald:
Global warming might just save the [orangutans and their] ecosystem. Not only are environmentalists outraged by their possible destruction, but these trees spring from carbon-rich, metres-deep peat – potentially worth millions of dollars under a proposed post-Kyoto Protocol deal to fund the preservation of forests.
Clearing peat forests has made Indonesia the world’s third-largest greenhouse gas emitter, sending more than 3000-million tonnes of carbon dioxide into the atmosphere a year. It is driven by greed, with palm oil and timber barons lining the pockets of officials from Kalimantan to Jakarta – even the Forestry Minister has blocked prosecution of illegal loggers.
