{"id":27255,"date":"2022-06-24T18:05:09","date_gmt":"2022-06-24T18:05:09","guid":{"rendered":"https:\/\/omni48.com\/news\/banks-and-uk-supermarkets-accused-of-backing-deforestation-in-brazil"},"modified":"2022-06-24T18:05:09","modified_gmt":"2022-06-24T18:05:09","slug":"banks-and-uk-supermarkets-accused-of-backing-deforestation-in-brazil","status":"publish","type":"post","link":"https:\/\/omni48.com\/news\/banks-and-uk-supermarkets-accused-of-backing-deforestation-in-brazil","title":{"rendered":"Banks and UK supermarkets accused of backing deforestation in Brazil"},"content":{"rendered":"<p>Global Witness said its findings came amid concerns that the Amazon may reach &#8216;an irreversible tipping point&#8217;. Photograph: Ricardo Lima\/Getty Images Global financiers, UK supermarkets and an Italian leather supplier have supported deforestation, land-grabbing and the use of slave labour in Brazil by funding and stocking products from the Brazilian meat giant JBS, an investigation claimed on Friday. Financial institutions mentioned in the investigation&#8217;s report were HSBC, Barclays, Santander, Deutsche Bank, BlackRock and JP Morgan. The report said the institutions had &#8220;for years funnelled billions of dollars to JBS and continue to do so &#8211; while at the same time pledging to remove deforestation from their portfolios&#8221;. The report noted that Barclays facilitated a bond deal for JBS worth almost $1bn last year and said the bank &#8220;has continually done business with [JBS] over multiple years despite numerous Global Witness reports on the company&#8221;. The report further found that between &#8220;September and October of last year, investment companies controlled by<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By funding and stocking products from Brazilian meat giant JBS, firms have also supported land-grabbing, investigation claims<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[334,27,193,44,102],"class_list":["post-27255","post","type-post","status-publish","format-standard","hentry","category-news","tag-agriculture","tag-economy","tag-grocery-supermaket","tag-industry","tag-world"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/27255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=27255"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/27255\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=27255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=27255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=27255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}