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New Study: Climate Risks Could Drive $5.4 Trillion in Losses for Global Meat, Dairy, and Feed Corporations by 2050
AMSTERDAM – Just 31 of the world’s largest corporations involved in meat, dairy and feed production face up to $5.4 trillion in long-term risks by 2050, with near-term risks reaching $116 billion by 2030, according to a new report released today by Profundo,… Read More
105 Organizations Demand Banks Stop Financing Industrial Livestock Production that Fuels the Climate Crisis
New York – 105 civil society organizations from across the globe have raised concerns with major U.S. banks today, urging them to halt their financing of industrial livestock production. The open letter, delivered to financial giants including Bank of America (BAC), Citigroup (C), and JPMorgan Chase (JPM),… Read More
Friends of the Earth Welcomes Promising New World Bank Blueprint for Addressing Health and Environmental Impacts of Big Meat and Dairy, Issues Urgent Call for Action
Today, the World Bank released a new comprehensive blueprint for addressing the giant climate footprint of our industrial food system. Read More
New Study: Financing for Industrial Livestock Undermines U.S. Banks’ Climate Commitments
Between 2016 and 2023, 58 U.S. banks provided $134 billion in lending and underwriting to meat, dairy, animal feed, food processing, and agri-commodity corporations. Read More
Groups Oppose Use of Inflation Reduction Act Funding for Polluting Factory Farms
Today, nearly 200 groups sent a letter to Secretary Tom Vilsack urging the agency to reconsider its recent decision to include several “conservation practices” that support factory farms and the proliferation of factory farm gas to its list of Climate-Smart Agriculture and Forestry practices that will be prioritized under the Inflation Reduction Act. Read More
Stop Financing Factory Farming Coalition Reacts to World Bank’s Climate Commitment
If the World Bank intends for its operations to match its new mission, the Bank must end support for industrial livestock production. Read More
New Report Documents Social and Environmental Harms of PRONACA’s Animal Agriculture Operations on Indigenous Communities
Loans from IDB Invest and IFC to PRONACA, the country’s largest pig and poultry producer, have violated the banks' own policies. Read More
Friends of the Earth Denounces Biden’s Pick to Lead World Bank
Today President Biden announced that he will nominate Ajay Banga to be President of the World Bank, on the heels of current World Bank President David Malpass’s announcement of resignation one week ago. Read More
Controversial $200 million IFC loan approved for LDC’s climate-destructive soy and corn operations in Brazil’s Cerrado
Despite opposition from more than 235 organizations, shareholders have approved a $200M loan to Louis Dreyfus Company Brazil (LDC). Read More
IDB Invest Drops Controversial Loan to Brazilian Beef Giant Marfrig Global Foods
Public development finance should not be channeled to large-scale industrial livestock operations like Marfrig that fuel deforestation and the climate crisis. Read More