Deforestation

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Top Soy Traders Exit Pact That Protects Amazon Forests

Major international agricultural commodity traders, including Cargill, Bunge, and ADM, have withdrawn from a pact aimed at preventing the purchase of soybeans from newly deforested land in the Amazon. This decision raises concerns among environmental groups about a potential increase in deforestation rates as these companies will no longer be bound by the voluntary commitment to a soy moratorium in the biome.

Bloomberg•10 months ago

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