Major banks are being urged to stop financing the global farming industry as part of an effort to force limits on the general public’s meat and dairy consumption. A collective of over 100 climate groups, led by Friends of the Earth, is pressuring JPMorgan Chase, Citigroup, and other private banks to stop financing global meat and dairy companies.
According to a report from Agriculture Dive, the groups argue that the institutions’ lending activities undermine their environmental commitments. An open letter from groups to some of the world’s biggest banks calls for a halt on any new financing that expands industrial livestock production.
The banks are being pressured 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.
According to research from Profundo and Feedback Global, from 2019 to 2022, financial institutions granted 15% more credit to the largest meat, dairy, and feed corporations than the previous four years. Of the $134 billion in loans and underwriting to the meat and dairy sectors, more than half are tied to Bank of America, Citigroup and JPMorgan Chase. […]
— Read More: slaynews.com
Maximize savings. Support great patriot Mike Lindell. Use promo code “JDR” at MyPillow and take advantage of the $25 EXTRAVAGANZA happening right now.
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
