Finnish state owned oil company Neste Oil is soon the world’s biggest user of palm oil. Greenpeace attended the company annual general meeting yesterday (our activists are shareholders) to raise the issue of the company’s irresponsible use of palm oil. Here’s a video about shareholder Petteri Pykäläinen speaking and being removed from the meeting.
Neste Oil has been unable to answer our questions on their use of palm oil. The company claims that it can track where its palm oil comes from, but has not shown any evidence to prove this. On top of this the company’s supplier IOI Group has just told publicly that it cannot deliver fully segregated palm oil until the becoming summer. Have a look at this slide from their PowerPoint -presentation where this fact is stated.
In the AGM we asked four simple questions from Neste Oil’s management and the chairman of the supervisory board, Heidi Hautala from the Green party:
- How is it possible that Neste Oil has been able to acquire all its palm oil using a system that has not been in place in the industry?
- At the same time, how has Neste Oil been able to acquire most of its palm oil from IOI Group that has not had this segregation mechanism in place?
- If Neste Oil has its own bullet proof tracking system in place, why is it not public so that it’s practices can be audited by independent auditors?
- According to Neste Oil more than half of their palm oil is supplied by IOI Group. From which suppliers does Neste Oil get the rest of their palm oil?
These questions were not sincerely answered in the AGM. Neither was the most important one: When will Neste Oil stop using palm oil as raw material for diesel, as its a false investment and potentially has even worse greenhouse gas balance than fossil fuels?
Pictures from the event where protestors got removed by force.
Maija Suomela,
Palm Oil Campaigner
Greenpeace










