Financed by huge U.S. agribusiness corporations like Cargill,
soybean farming is now one of the primary drivers of deforestation
in the Brazilian Amazon, charge activists from the
environmental watchdog group
Greenpeace, which is leading an international campaign against
unregulated, unsustainable soybean cultivation.
Private Equity Fund Of Funds Greenpeace and other green groups oppose the construction of
roads, railways and canals for transporting soybeans to ports like
Cargill's Santarem on the Amazon River.
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Curve Equity Exposed Fund The controversy intensified with the Brazilian
government's announcement on
Jun. 5 that it will pave the Amazon highway BR-163, which, 1,700
km long, will link Santarem with the southern state of Mato
Grosso and provide a quick export route for the output of
soybean farms.
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Equity Income Funds "The Amazon is one of the most biodiverse areas on Earth and we
need it for stabilising the planet's climate, but this company
(Cargill) is trashing the rainforest to grow soya to feed Europe's
farm animals," said Thomas Henningsen, Greenpeace Amazon campaign
coordinator in a statement.
Viridian, the holding company for Northern Ireland's electricity, is in talks over a .62billion bid by Bahraini private equity firm Arcapita Bank.
Capital Casebook Equity Greenpeace activists shut down Cargill's main European soybeans
export facility in the Amazon and blocked Cargill-owned facilities
in Britain and France in a series of protests from May 19 to 22
over the company's role in the destruction of 1.2 million hectares
of rainforest to grow soybeans.
Leah GarcŸ, WSPA Director of Campaigns, said åe are encouraged to hear that the exporter of the last two shipments of live cattle from Brazil to Lebanon has agreed to stop all further shipments until further notice. It is imperative, however, that all other exporters now follow suit. It is unacceptable for these animals to endure prolonged suffering at sea while the conflict prevents ships from docking in Beirut.
Private Investment In Public Much of the money to finance soybean farming comes from outside
of Brazil. Cargill and two other agribusiness giants, ADM (Archer
Daniels Midland) and Bunge, are responsible for 60 percent of the
financial investments in soybean production in Brazil, according to
the Greenpeace investigative report "Eating Up the Amazon". Those
three
companies also control nearly 80
percent of the European Union's soybean processing.
We are encouraged to hear that the exporter of the last two shipments of live cattle from Brazil to Lebanon has agreed to stop all further shipments until further notice. It is imperative, however, that all other exporters now follow suit
Equity Mutual Funds Cargill also owns Sun Valley, a French poultry operation that
supplies millions of chickens to supermarkets and fast food
restaurants across Europe. The chickens are fed soymeal, illegally
grown in the Amazon, according to Greenpeace.
Birmingham Contact Equity The group also documents a number of large soybean farms
supplying Cargill that it says are "linked to the use of slave
labour, illegal land grabbing and massive deforestation."
Private Equity Investment Firm Brazil has become the second largest soybean producer, after the
United States, providing more than 30 percent of the world's crop
-- an estimated 57.4 million tonnes in the 2005-2006 period
alone.
Complying Deal Equity Funds Cargill acknowledges the importance of the Amazon but rejects
Greenpeace's demand to prohibit commercial agriculture in the
region, said Afonso Champi, Cargill's Public Affairs director in
Sao Paulo.
Equity Msn Private Wyoming Based in the northern U.S. state of Minnesota, Cargill is one of
the world's largest private companies, with 71 billion dollars in
sales revenues last year. "Starting with the next crop, we will
only purchase soybeans from producers who are in compliance with
Brazil's Forest Code," Champi said in a Tierramrica interview.
Under that code, 80 percent of the forest must be maintained.
American Equity Investment Cargill has formed an alliance with the
Nature Conservancy, a U.S.-based
NGO, to help landowners comply with that rule, he said.
Equity Index Funds "Brazil has good environmental laws, but very poor
enforcement of those laws," Bill Laurance, an ecologist with the
Smithsonian Tropical Research Institution, in Balboa, Panama.
Equity Private Team Wyoming "Deforestation has been the worst ever in the past few years,
with 2 to 2.4 million hectares falling annually," Laurance told
Tierramrica.
Equity Group Investment Brazil is the fourth largest emitter of greenhouse gases, which
contribute to climate change, mainly due to deforestation in the
Amazon, according to Greenpeace. Experts agree there is little
doubt that soybean farming is responsible for deforestation in the
Amazon
Capital Development Equity Soybean fields are found mainly in the grassland areas of the
Amazon region and on former cattle ranches, says Laurance. After
selling their land, cattle ranchers often move on and deforest new
areas to continue ranching.
Article Between Difference In reaction to the announcement of the construction of new
roads, he warned that "huge swaths of unbroken forest will be
opened up. It's almost an invitation to logging and land
speculation."
Contact Equity Private Wyoming But the administration of President Luiz In cio Lula da Silva
assures that paving the BR-163 Amazon highway will not foment
deforestation because a sustainability plan is in place that
ensures enforcement of environmental regulations.
Agreement Equity Investment According to Adalberto Verissimo, researcher at the Institute of
Man and Environment of the Amazon, the so-called "green highway",
which will be complete in two or three years at a cost of 450
million dollars, depends on the success of an
"economy of standing forests" in
obtaining support of a strong portion of the market.
Business Equity Funds "It's impossible to maintain control only through government
inspection," he said.
Private Equity Fund Laurance says huge foreign debt payments are driving this export
of soybeans. "Brazil is desperate for exports to keep its head
above water," and that gives the soybean lobby enormous political
influence regionally and nationally, he said.
Investment Property Home According to Greenpeace, it wouldn't be a surprise if
multinational corporations like Cargill provide some of the
financing for paving highway BR-163.
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