US banks ‘sabotaging’ own net zero plans by livestock financing, report claims
by Sophie Kevany from Environment | The Guardian on (#6KV1Y)
Lending to meat, dairy and feed corporations led to significant proportion' of banks' emissions, Friends of the Earth found
American banks are sabotaging" their own climate commitments by financing meat, dairy and feed corporations, according to a report.
The report analysed funding from 58 US banks to animal protein and feed companies in the form of loans and underwriting, such as share and bond issuance guarantees.
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