Green | May 20, 2008 | 0 comments

European Banks Financing Damaging Agrofuels in Latin America Say Friends of the Earth

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BRUSSELS (Belgium) / MONTEVIDEO (Uruguay), 19 May 2008 – Many major European banks are funding the rapid expansion of agrofuel production in Latin America, leading to large scale deforestation, increasing human right abuses and threatening food sovereignty, according to a new report released today.
The report - released by Friends of the Earth Europe amid global worries about the increasing impacts of rising food prices - calls for an end to investments by European banks in harmful agrofuel projects.
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