Trillion-dollar investors warn Brazil over 'dismantling' of environmental policies

1 year ago 22

Letter signed by 29 organisations, including the Church of England, states financial institutions have a duty to tackle climate change

Investors managing trillions of dollars in assets have warned Brazil that escalating deforestation and the “dismantling” of policies to protect the environment and indigenous communities are “creating widespread uncertainty about the conditions for investing”.

Amazon destruction rose to its highest level in more than a decade last year, Brazil’s first under the leadership of Jair Bolsonaro, a far-right nationalist who has vowed to develop the region and slash environmental protections.

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