Unlikely Allies Want to Bar a Brazilian Beef Giant From U.S. Stock Markets

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https://www.nytimes.com/2024/01/31/climate/jbs-ipo-nyse.html

By Manuela Andreoni and Dionne Searcey, The New York Times. 

Excerpt: A giant Brazilian meatpacking company is facing persistent opposition to its plans for a listing on the New York Stock Exchange because of concerns about corruption settlements, accusations of Amazon deforestation and its growing market share in the United States. The proposed listing by JBS, the world’s biggest meatpacker, has brought together American beef producers, environmentalists and politicians from both major parties in a rare common cause. ...a dozen British lawmakers urged the Securities and Exchange Commission to reject the share listing to “send a clear message that the United States stands firm in its commitment to combating climate change.” ...Research suggests about 80 percent of deforestation in the Amazon is connected to the beef industry. Global meat consumption is expected to grow 14 percent by 2030 as the world’s population grows and incomes generally rise, according to the U.N. Food and Agriculture Organization, which has called for eating a more plant-based diet to help reduce carbon emissions....

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