5
Mai
2005

JP Morgan Chase and BlueLinx linked to illegal logging of endangered forests and resulting humanitarian crisis

Investigation Finds "IMD" In Indonesia

JP Morgan Chase and BlueLinx linked to illegal logging of endangered forests and resulting humanitarian crisis.

//www.ran.org/news/newsitem.php?id=1345&area=home

Ongoing investigations by Rainforest Action Network and Greenpeace confirmed that BlueLinx, America's largest building products distributor, is smuggling legally disputed, undocumented timber out of Indonesia's critically endangered rainforests and flooding the U.S. marketplace with artificially cheap lauan plywood. Bluelinx is funded by JP Morgan Chase, a US-based bank that has built its financial empire on making Investments of Mass Destruction.

An "IMD of the Month" case study published on DirtyMoney.org //www.dirtymoney.org/studies/jpmc-bluelinx.php details the trafficking of undocumented wood by current BlueLinx suppliers throughout Indonesia.

Illegal logging throughout Indonesia continues to cause widespread devastation to the region's tropical rainforests and neighboring communities. Indonesian Ministry of Forestry reports that 43 million hectares of the country's forests have been damaged or destroyed over the last several decades due to illegal logging, with the average annual deforestation rate estimated at more than 2.8 million hectares (7 million acres) since 1998. These forests are some of the most biodiverse on Earth, and are home to a variety of threatened and endangered species, including the rare Indonesian orangutan. In addition, illegal logging has been blamed for massive flooding and landslides throughout Indonesia.

The ongoing devastation has been well-documented by the Indonesian Ministry of Forests, Yale School of forestry, Environmental investigation Agency, and Business Week Magazine.

RAN is calling on JP Morgan Chase and BlueLinx to immediately comply with a voluntary corporate embargo of Indonesian forest products already in place by Centex Corporation, International Paper and Lanoga Corporation.

Take Action Today

Click here to visit our online action center and send an email to JP Morgan Chase CEO William Harrison and Bluelinx CEO Charles McElrea telling them to stop fueling illegal logging in Indonesia.

//action.ran.org/action/index.asp?step=2&item=24472&ms=Feb05
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