DRC: Alarm bells over REDD project

In May 2012, Olam International announced a REDD project for 'sustainable forest management' in the Republic of Congo. The project is a public-private partnership between Olam International’s subsidiary CIB (Congolaise Industrielle des Bois) and the Government of the Republic of Congo. The little information that is available about this proposed REDD project sets off just about all the REDD alarm bells, says this post from Olam International is notorious for its involvement in illegal logging in the Democratic Republic of Congo. In 2007, the World Bank’s private sector arm the International Finance Corporation sold its shares in Olam International. Greenpeace described Olam International as a 'Congo-trashing company'.