Turnbull criticised over Solomon Islands logging connection

Turnbull criticised over Solomon Islands logging connection

Turnbull criticised over Solomon Islands logging connection

Updated 19 December 2011, 13:24 AEDT

The enviromental credentials of Australia's new Opposition leader Malcolm Turnbull, are under scrutiny again, over his connections with a Solomon Islands logging company in the early 1990's.

Mr Turnbull was Australia's environment minister in the previous Howard Government, promoting the benefits of reforestation and the importance of growing trees.

From 1991 to 1992 he owned shares in Axiom Forest Resources, which owned and operated a number of logging concerns in Solomon Islands.

The Australian government aid agency AusAid described Axiom and it's subsiduaries logging practices as clearfelling .

Greenpeace spokesman, Steve Campbell says the company's practices at the time, were among the worst in the world.

"The company operating in the Solomon Islands, I'm afraid to say, never came up to standard," he said.

"It was always criticised as being a very poor operation and bearing little relation to any kind of sustainability criteria or whatever, so it had a very bad reputation".

Mr Turnbull later went on to sell his shares for more than $US20 million.