Burger King Cancel Contract with Palm Oil Supplier PT SMART (BKC) (SMAR)

Burger King

has canceled their contract with the PT SMART

, a palm oil supplier in Indonesia, due to environmental concerns. Greenpeace has accused PT SMART of destroying rainforest, home to endangered species, to produce their palm oil. PT SMART denies this accusation, but nevertheless has lost contracts with Nestle

and Unilever

prior to Burger King's. An audit paid for by PT SMART said that they had been cleared of rainforest destruction, but found that some of their plantation areas were on peatland, a violation of Indonesian law. Learn how to find the best

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