Within the next two years the Finnish energy corporation Neste Oil is on track to become the number one buyer of palm oil and the world’s largest producer of biofuels. Even today, under the misleading label "Neste Green Diesel", the company sells "biodiesel" made from palm oil throughout Europe. IOI, Neste’s main supplier, has doubled its palm oil concessions as Neste is expanding its productive capacity in Rotterdam and Singapore.
The growing demand for palm oil accelerates rainforest destruction and displaces ever more local communities in Indonesia and Malaysia. IOI recently lost a 12-year court case in Malaysia over land confiscation that involved bribe-taking by local authorities. Last but not least, the carbon balance of Neste Oil’s fuel is quite devastating—worse in fact than that of ordinary diesel! Presently, Neste is preparing to enter the market for airplane fuel as a supplier for Finnair and Lufthansa, generating further heat for people and the climate.