Bank financing for agribusiness giants drives deforestation: campaign group

  • Date: 27-Oct-2021
  • Source: Global Trade Review
  • Sector:Financial Markets
  • Country:Gulf
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Bank financing for agribusiness giants drives deforestation: campaign group

A campaign group says banks are helping fuel deforestation and environmental crimes by financing major commodities producers and trading houses. In a report published on October 21, London-based group Global Witness says between 2016 and April 2020 top-tier banks in the US, Europe and China have earned an estimated US$1.73bn from deals with 20 agribusiness ...

The post Bank financing for agribusiness giants drives deforestation: campaign group appeared first on Global Trade Review (GTR).

A campaign group says banks are helping fuel deforestation and environmental crimes by financing major commodities producers and trading houses. In a report published on October 21, London-based group Global Witness says between 2016 and April 2020 top-tier banks in the US, Europe and China have earned an estimated US$1.73bn from deals with 20 agribusiness ...