By Ana Mano and Tom Polansek SAO PAULO/CHICAGO (Reuters) - A coalition of environmental groups is pushing U.S. securities regulators to thwart JBS SA's ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSSAO PAULO/CHICAGO - A coalition of environmental groups is pushing U.S. securities regulators to thwart JBS SA's New York share listing over concerns about the world's largest meatpacker's impact on deforestation, climate change and other issues.
However, groups including Rainforest Action Network, Mighty Earth and World Animal Protection this month sent letters to the Securities and Exchange Commission urging it to oppose the U.S. initial public offering or investigate claims in JBS's prospectus. Activists have long accused JBS of exploiting the environment and workers. Cattle ranching, along with clearing land to sell timber or grow crops, is driving deforestation in the Amazon rainforest. The beef industry says most deforestation is done by criminals.
In a response, the SEC said World Animal Protection's concerns"will be given careful consideration in view of the Commission's overall enforcement responsibilities under the U.S. federal securities laws," according to the group.Last year, an audit by Brazilian prosecutors found nearly 17% of the cattle bought by JBS in Para state in the Amazon rainforest from July 2019 to June 2020 allegedly came from ranches with"irregularities" like illegal deforestation.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World Energy files environmental assessment statementPublic comments welcome on wind power and hydrogen generation project for Port au Port Peninsula, Stephenville area
Read more »
World Energy files environmental assessment statementPublic comments welcome on wind power and hydrogen generation project for Port au Port Peninsula, Stephenville area
Read more »
COMMENTARY: Capping oil and gas emissions needs to be front and centre for Canada's climate strategyAly Hyder Ali, the oil and gas program manager with Environmental Defence, and Gretchen Fitzgerald, national programs director for Sierra Club Canada ...
Read more »
Fukushima fallout: Is Japan ‘irresponsible’ to dump treated nuclear wastewater?Japan has said that the water release is safe, but some environmental activists have argued that not all the possible impacts have been studied.
Read more »