Big banks fund the heavy machinery used for Amazon deforestation, report says

The deforestation sweeping across the Brazilian Amazon is driven largely by industrial agriculture, mining and cattle ranching. But those activities wouldn’t be possible without heavy machinery like bulldozers and tractors, and the big banks that often finance their purchase. Questionable business practices, weak government oversight and a lack of transparency make buying heavy machinery in […]

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Industrial soy drives deforestation spike in southeastern Brazil, satellite images show

Deforestation is rising in a vulnerable part of the Amazon rainforest due to increased activity by industrial agricultural producers, who are burning down large pieces of territory to create new plantations. A new report from NGO Amazon Conservation analyzed satellite data in the southeastern state of Mato Grosso, discovering surprising amounts of deforestation connected to […]

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