Forestry News

Brazilian meatpacker expands with World Bank funding but fails to reduce impacts in the Amazon

The International Finance Corporation injected $85 million into Minerva, even though it was aware that the company’s activities involved deforestation, child labor and land conflict risks. In recent years, Minerva has become Latin America’s largest meat exporter. But doubts remain over whether it has strictly complied with envi-ronmental and social compensation guidelines specified in its contract.

Brazilian taxpayers subsidizing Amazon-clearing cattle ranches, study shows

A new study shows taxpayer money is helping to prop up the beef industry in Brazil, one of the primary drivers of deforestation in the country. For every dollar of tax revenue collected from the industry, only 20 cents effectively goes to society — the rest goes back to producers in the form of incentives, easy credit, and even debt forgiveness.
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