Revealed: UK banks and investors' $2bn backing of meat firms linked to Amazon deforestation
by Emma Howard, Andrew Wasley and Alexandra Heal from on (#549TC)
Investigation uncovers ties between financial institutions and three Brazilian firms connected to environmental destruction
British-based banks and finance houses have provided more than $2bn (1.5bn) in financial backing in recent years to Brazilian beef companies which have been linked to Amazon deforestation, according to new research.
Thousands of hectares of Amazon are being felled every year to graze cattle and provide meat for world markets.
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