Climate activists are putting pressure on the European Union to reconsider its decision to exclude banks from a landmark deforestation rule, in a move designed to preempt an official review of the regulation next year. UK-based nonprofit Global Canopy says …
Brazil subsidized rural insurance for farmers who deforested protected areas, engaged in slavery-like labor or planted in indigenous lands, according to a report from a nonprofit group. An investigation by Repórter Brasil found that farmers benefited from a government-backed insurance …
Climate change is the main culprit for a record drought in the Amazon rainforest that has drained rivers, killed endangered dolphins and upended life for millions of people in the region, according to a study released on Wednesday. Global warming …
An alternative investment vehicle controlled by French insurer AXA said on Tuesday it will inject $49 million into reforestation projects in Brazil led by local startup Mombak. AXA IM Alts, which has over 185 billion euros ($208 billion) under management, …
Environmental and human rights activist groups said on Monday they had sued BNP Paribas, the eurozone’s biggest bank, for providing financial services to companies they allege contribute to the deforestation of the Amazon rainforest. Brazilian NGO Comissão Pastoral da Terra …
Trees set ablaze in Brazil’s Amazon rainforest could contribute to melting glaciers in the Himalayas and Antarctica because distant ecosystems that regulate the Earth’s climate are more closely connected than previously thought. Scientists have discovered a new atmospheric pathway that …
Two new scientific review articles by international teams of researchers paint a bleak picture of the state of the Amazon rainforest: The critical ecosystem is being damaged at an unprecedented pace, they warn, which may usher in “a qualitatively different …
Investors managing $14 trillion have urged the United Nations to create a global plan to make the agriculture sector sustainable and curb one of the biggest sources of climate-damaging emissions, a letter seen by Reuters showed. Food production accounts for …
PARIS – Environmental groups and indigenous activists from the Amazon region filed a lawsuit Wednesday in a French court alleging that France-based supermarket chain Groupe Casino is violating human rights and environment rules by selling beef linked to deforestation and …
A group of 29 global investment firms that manage $3.7 trillion are demanding meetings with Brazilian diplomats around the world to call on right-wing President Jair Bolsonaro’s government to stop soaring deforestation in the Amazon rainforest. The investors, led by …
