Banning palm oil in favor of other vegetable oils deemed less destructive to the environment could lead to greater biodiversity losses, a new report says.
Food and beverage giant PepsiCo has launched an investigation into reports of deforestation carried out by one of its suppliers in a key Indonesian habitat that's home to critically endangered tigers, orangutans and rhinos.
Southeast Asia is a global biodiversity hotspot, and Indonesia and Malaysia harbor some of the highest levels of species diversity in the world. Yet those two countries also supply more than 80 percent of the world's palm oil.
