US Banks Have Spent $134B in Livestock Financing Since 2016
Despite net-zero plans, banks in the US put in $134B for industrial livestock corporations, with three institutions making up 55% of that.
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Despite net-zero plans, banks in the US put in $134B for industrial livestock corporations, with three institutions making up 55% of that.
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Finance of industrial livestock is undermining U.S. banks’ climate commitments and Bank of America, Citigroup, and JPMorgan Chase are responsible for over half.
58 U.S. banks provided $134 billion in lending and underwriting to meat, dairy, animal feed, food processing, and agri-commodity corporations.