Bank Of China Urged To Stop Aid To Indonesian Dam

"); jQuery("#212 h3").html("

"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "https://newsstatic.rthk.hk/audios/mfile_1445492_1_20190301130907.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'https://news.rthk.hk/rthk/en/component/k2/1445492-20190301.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','https://news.rthk.hk/rthk/en/component/k2/1445492-20190301.htm', 'DCS.dcsqry', '' ); } } }); }); });
2019-03-01 HKT 13:38
Mara McCaffery speaks to RTHK's Phoebe Ng
A group of environmental activists protested outside the Bank of China office in Central on Friday, urging them to withdraw funding for the construction of a dam in Indonesia, which they said would threaten the existence of a newly discovered species of orangutan.
They say the Batang Toru hydropower project would have serious implications for the newly discovered Tapanuli orangutan species, with only around 800 left in the wild. It is listed as "critically endangered" on the International Union for Conservation of Nature's Red List of Threatened Species.
The dozen or so activists were responding to a call from Friends of the Earth Indonesia, and delivered a letter to the bank, detailing their concerns with the project in North Sumatra. Similar letters are being delivered to the bank's other locations around the world.
Mara McCaffery, the founder of Orangutan Aid, said construction of the dam “would destroy all the surrounding forest”.
"The dam divides [the Tapanuli orangutan's] actual habitat," she told RTHK's Phoebe Ng.
"All sorts of infrastructure [needs] to be built, like tunnels and roads, and the impact could actually decimate this species completely, just two years after it has been discovered," she said.
The activists also raised concerns that the dam project would impoverish local communities who depend on the Batang Toru River for their livelihoods, and believe there are major flaws in the project's environmental impact assessment.
TOPPAN Edge And Partisia Partner For Fully Privacy-Focused Digital Identity Solution
TOPPAN Edge is partnering with Partisia to develop a fully privacy-focused digital identity using Partisia’s Decentr... Read more
Livi Bank Achieves HKD2.9B In Customer Deposit Growth
livi Bank reported a total operating income of HK$220 million in 2024 in its latest annual report results, marking a 76... Read more
OSL And Ant Digital Partner To Drive Real-World Asset Tokenisation
OSL Group (863.HK), a publicly listed company for digital assets, and Ant Digital Technologies signed a Memorandum of U... Read more
WeLab Bank Hits Profit In 2025 With HKD750M Revenue
WeLab Bank achieved profitability in Q1 2025*, continuing from 2024 when it achieved breakeven within four years of its... Read more
Adoption Of GenAI Rises In Hong Kongs Financial Sector, Though Focus Remains On Internal Operations
In Hong Kong, financial institutions are increasingly adopting generative artificial intelligence (genAI), aiming for e... Read more
HKMA Forms CargoX Expert Panel To Modernise Trade Finance
On 28 April 2025, the Hong Kong Monetary Authority (HKMA) announced the creation of an Expert Panel on Project Cargox. ... Read more