Banks driving increase in global meat and dairy production, report finds
Banks driving increase in global meat and dairy production, report finds
www.theguardian.com Banks driving increase in global meat and dairy production, report finds
Financiers providing billion-dollar support for industrial livestock companies to expand leading to unsustainable rise in production
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“ financiers provided the world’s top 55 industrial livestock companies with average annual credit injections of $77bn”
Are the meat and dairy businesses applying for loans? The article says that the banks are in breach of their own environmental policies so I’m curious how it’s supposed to work.
Companies regularly get loans, it's not just for investments - which is a common source of trouble the Big Ag sector, but it can simply be get liquidity to pay for consumable inputs and labor.