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A palm oil company, a group of U.S. venture capitalists, and the destruction of Peru’s rainforest

Food Environment and Reporting Network

The global market for palm oil, valued at more than $70 billion last year, is experiencing steady growth, driven by its use in products as varied as food, beverages, biofuels, and cosmetics. Seed funds came from wealthy friends and friends of friends, some of whom told me they hadn’t fully appreciated what they were supporting.