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Friday, September 23, 2011

Brazil bank Banco do Brasil sued for 'funding deforestation in the Amazon' - What's On Tianjin

In April 2011, public prosecutors reported Global Compact participant Banco do Brasil - was being sued for allegedly funding deforestation in the Amazon. Prosecutors in the state of Para said they had uncovered 55 loans worth nearly $5m (£3m) that the Banco do Brasil approved to farms that had broken environmental and employment laws.

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Brazil bank Banco do Brasil sued for 'funding deforestation in the Amazon' - What's On Tianjin

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