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Capitalism

July 09, 2020 - The Guardian

Banks and pension funds among investors bankrolling meat and dairy

Banks and pension funds among investors bankrolling meat and dairy
Dairy Cows, AustriaFile Photo / © Photabulous!

£380bn in backing comes despite calls by scientists for large reductions in meat consumption to help avoid climate crisis

Banks, investors and pension funds have poured billions into the world’s largest meat and dairy companies over the past five years, a new report has found. It compares the environmental impact of “‘big ag” to that of big oil.

The report, published on Thursday, said private financial backing for the world’s 35 largest meat and dairy companies totalled an estimated $478bn (£380bn) between January 2015 and 30 April this year.

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The Guardian


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