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Banks Urged to Stop Financing Livestock Production

By Jesse Allen | American AG Network | September 13, 2024

Over 100 climate groups are pressuring JPMorgan Chase, Citigroup, and other private banks to stop financing global meat and dairy companies.

Agriculture Dive Dot Com says the institutions’ lending activities undermine their environmental commitments. An open letter from groups led by Friends of the Earth to some of the world’s biggest banks calls for a halt on any new financing that expands industrial livestock production and to add requirements that meat, dairy, and feed clients disclose their climate action plans. The letter calls out the banks by name for supporting the world’s biggest meat, dairy, and animal feed producers like JBS, Tyson Foods, and others.

While food companies are a small part of the banks’ overall lending portfolios, the groups say they have a much bigger impact on the institutions’ environmental footprints. The letter says increased lending has let the world’s biggest emitters grow their operations and emissions.

September 14, 2024 - Posted by | Economics, Malthusian Ideology, Phony Scarcity | ,

1 Comment »

  1. As a vegetarian I have also believed that nonsense about the harmful production of meat. One kilogram of meat would equal multiple kilograms of wheat. But then someone explained that cows don’t eat wheat and humans don’t eat grass. What??? How could I have been so stupid. It is a reality on paper only.

    Liked by 1 person

    Balthasar Gerards's avatar Comment by Balthasar Gerards | September 15, 2024 | Reply


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