Herakles Farms

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Herakles Farms, formerly known as SG Sustainable Oils,[1] is an American company active in oil palm plantations and timber business. Its headquarters are in New York City. According to its web site, it is committed to sustainability.

Activity in Cameroon[edit]

The presence of Herakles Farms in Cameroon started in 2009.[2] Sithe Global Sustainable Oils Cameroon (SGSOC) is a Cameroonian subsidiary of Herakles Farms, has received a concession of 73,000 hectares of rainforest to be replaced by oil palm plantations in 2009.[3][4] This was suspended by the government of Cameroon in May 2013. Herakles Farms claims to invest 300 billion francs CFA and improve the life of indigenous persons of the area.[5] Far more locals are opposed to than in favor of this project.[6] SCSOC has frequently used intimidation and corruption, especially against leaders and key decision makers in the community.[7] A court in Limbe, Cameroon has condemned Herakles to a fine of 4,6 millions for racist discrimination. [8] The rainforest mentioned is habitat of the Nigeria-Cameroon chimpanzee and the drill. [9]

References[edit]

  1. ^ "Herakles Farms, LLC: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2017-02-07.
  2. ^ http://www.camnews24.com/fr/component/content/article/22-flash-infos/37079-secteur-agricole-herakles-farms-suspend-ses-activites-au-cameroun
  3. ^ http://www.lemonde.fr/afrique/article/2013/05/23/au-cameroun-un-projet-geant-d-huile-de-palme-fait-scandale_3416319_3212.html
  4. ^ http://www.afrik.com/palmiers-a-huile-au-cameroun-herakles-farms-une-saga-a-rebondissements
  5. ^ http://www.amchamcam.org/index.php?option=com_content&view=article&id=144:herakles-farm-will-invest-cfaf-300-billion-in-cameroon&catid=1:business-news&Itemid=198
  6. ^ http://www.modernghana.com/news/466079/1/lessons-from-herakles-farms-debacle-in-cameroon.html
  7. ^ http://www.lemonde.fr/afrique/article/2013/05/23/au-cameroun-un-projet-geant-d-huile-de-palme-fait-scandale_3416319_3212.html
  8. ^ http://www.agenceecofin.com/justice/0501-16420-cameroun-herakles-farms-condamnee-a-4-6-millions-pour-discrimination-raciale
  9. ^ http://www.camnews24.com/fr/component/content/article/22-flash-infos/40031-cameroun-le-projet-dherakles-farms-menace-des-especes-en-danger-greenpeace

External links[edit]