WASHINGTON, D.C. (Reuters) — The New York share listing of Brazilian meat company JBS SA would expose investors to risk, and the U.S. Securities and Exchange Commission should closely scrutinize the company’s criminal and environmental track record, a bipartisan group of senators has written in a letter to the agency. JBS, the world’s largest meat […] Read more
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JBS improves cattle record
SAO PAULO, Brazil (Reuters) — JBS, the world’s largest meat packer, has reduced cattle purchases from ranches with “irregularities” such as illegal deforestation, federal prosecutors found in their latest round of audits in the Amazonian state of Para. Prosecutors said in a briefing that six percent of JBS’s audited cattle purchases came from farms potentially […] Read more
JBS calls for more anti-deforestation efforts
CHICAGO, Ill. (Reuters) — Brazil needs a mandatory government program to track cattle being raised for beef to prevent deforestation, the head of the world’s largest meat company, Brazil’s JBS, said recently. Cattle ranching, along with clearing land to sell timber or grow crops, is driving deforestation in the Amazon rainforest. The destruction of rainforests, […] Read more
Environmental activists pressure U.S. regulators to halt JBS listing
SAO PAULO/CHICAGO (Reuters) — A coalition of environmental groups is pushing American securities regulators to thwart JBS’s New York share listing over concerns about the world’s largest meatpacker’s impact on deforestation, climate change and other issues. The Brazilian company hopes a U.S. listing will attract a broader investor base to give it more access to […] Read more
