The rise of lawless, baseless lawsuits began with firearms companies. Then organized debanking campaigns were launched to pressure banks to stop lending money to companies that manufacture firearms.
This from frontpagemag.com.
Those same tactics were then used to go after oil, gas, and cheap energy providers.
Now the next wave of lawfare and debanking is coming after agriculture companies.
Over 100 climate groups unveiled a concerted effort to pressure JPMorgan Chase, Citigroup, and other private banks to stop financing global meat and dairy companies, saying the institutions’ lending activities undermine their environmental commitments.
The letter singles out banks’ support of the world’s largest meat, dairy, and animal feed producers such as JBS, Tyson Foods, Cargill and Nestlé. While food companies make up a small portion of lending portfolios, climate groups say they have an outsized impact on banks’ environmental footprint.
Meat and dairy still are not expensive enough and a dozen eggs now cost only 4-5 bucks in California after ‘cage-free’ measures were passed.
Environmentalism is a face mask worn by the totalitarian Left which is using it to wipe out modern industry and basic livability which is coming after any kind of affordable energy and food. What that means is that your homes will be freezing in the winter and hot in the summer, you will not be able to own or afford a car, and you’ll barely have enough to eat.
These Dickensian conditions are not what the Left is trying to remedy, but what it is actively trying to impose.
Again, as part of an effort to force limits on the general public’s meat and dairy consumption, major banks are being urged to stop financing the global farming industry.
A collective of over 100 climate groups, led by Friends of the Earth, is pressuring JPMorgan Chase, Citigroup, and other private banks to stop financing global meat and dairy companies.
An open letter from groups to some of the world’s biggest banks calls for a halt on any new financing that expands industrial livestock production.
The banks are being pressured to add requirements that meat, dairy, and feed clients disclose their climate action plans.
According to research from Profundo and Feedback Global, from 2019 to 2022, financial institutions granted 15% more credit to the largest meat, dairy, and feed corporations than the previous four years.
Of the $134 billion in loans and underwriting to the meat and dairy sectors, more than half are tied to Bank of America, Citigroup, and JPMorgan Chase.
The climate groups’ letter comes as the world’s largest meat producer JBS seeks a listing on the New York Stock Exchange, a move heavily criticized by climate alarmists.
Green agenda globalists warn the move would allow the company to easily access more capital.
It also comes ahead of Climate Week in New York City, where industry leaders, climate change organizations, and government officials are set to push for ‘action’ to tackle ‘global warming.’
Martin Bowman, senior policy and campaigns manager at Feedback Global, said in a statement:
Industrial livestock companies are incompatible with a safe future for our planet, so it is time for banks and investors to turn off the taps and stop providing the finance that is enabling them to grow.
This comes amid increasing demands for major restrictions on the public from globalist interests.
Because meat and dairy still are not expensive enough, We the People must expect the worst,
