Indonesia’s Fires, Haze and Smoke: Economic cost will likely run into billions of dollars

Peace and Freedom

.

Fires raged on peatlands on the outskirts of Palangkaraya, Indonesia, on Nov 1. 
Fires raged on peatlands on the outskirts of Palangkaraya, Indonesia, on Nov 1. Photo: Getty Images

.

JAKARTA, Indonesia—Producers of palm oil, rubber and paper are bracing for a financial hit from months of fires and choking haze smothering Indonesia.

The biggest outbreak of fires since 1997 has devastated 3 million hectares of land and polluted the air, damaging agricultural regions that supply companies from palm-oil producer Cargill Inc. to paper giant Asia Pulp & Paper Co.

The fires, an annual hazard, are often set illegally by farmers on Sumatra and Borneo islands to clear land. The haze—extending across Malaysia and Singapore and as far as the Philippines and Vietnam—can lower crop yields and complicate logistics for companies, besides damaging the health of workers and residents.

This year the fires are worse than usual, exacerbated…

View original post 824 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s