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.
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.
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