Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Agribusiness giant tells suppliers to stop cutting down forests
Agribusiness giant tells suppliers to stop cutting down forests
3/31/15
Today, the state of New York announced that, after negotiations with the global agribusiness conglomerate Archer Daniels Midland, ADM will adopt a no-deforestation policy for soy and palm oil.
This is really freaking good news, and it comes at a critical time. There is some evidence that, after years of progress, deforestation in the Brazilian Amazon is increasing again. Meanwhile, people have been cutting down the forests just outside the Brazilian Amazon — in Peru, Bolivia, Colombia, and in Brazil’s Cerrado region — where there has been less pressure to stop. The move from ADM will provide a clear warning to farmers who are considering the costs and benefits of clearing more land.
ADM laid out a specific set of commitments and a plan for implementation. This announcement is the latest in a cascade of no-deforestation commitments set off when Wilmar, the largest palm-oil company, pledged to stop buying from suppliers who cut down rainforest. ADM owns 16 percent of Wilmar....
...The New York State Common Retirement Fund had asked ADM to take this step. The retirement fund holds $83.1 million in ADM stock. A group of NGOs — Forest Heroes, Sierra Club, the Union of Concerned Scientists, the National Wildlife Federation, SumOfUs, and NRDC — had written to ADM urging the company to make its business more sustainable. Nordic investors and Green Century Capital Management also asked ADM to take action.
http://grist.org/food/agribusiness-giant-tells-suppliers-to-stop-cutting-down-forests/
3/31/15
Today, the state of New York announced that, after negotiations with the global agribusiness conglomerate Archer Daniels Midland, ADM will adopt a no-deforestation policy for soy and palm oil.
This is really freaking good news, and it comes at a critical time. There is some evidence that, after years of progress, deforestation in the Brazilian Amazon is increasing again. Meanwhile, people have been cutting down the forests just outside the Brazilian Amazon — in Peru, Bolivia, Colombia, and in Brazil’s Cerrado region — where there has been less pressure to stop. The move from ADM will provide a clear warning to farmers who are considering the costs and benefits of clearing more land.
ADM laid out a specific set of commitments and a plan for implementation. This announcement is the latest in a cascade of no-deforestation commitments set off when Wilmar, the largest palm-oil company, pledged to stop buying from suppliers who cut down rainforest. ADM owns 16 percent of Wilmar....
...The New York State Common Retirement Fund had asked ADM to take this step. The retirement fund holds $83.1 million in ADM stock. A group of NGOs — Forest Heroes, Sierra Club, the Union of Concerned Scientists, the National Wildlife Federation, SumOfUs, and NRDC — had written to ADM urging the company to make its business more sustainable. Nordic investors and Green Century Capital Management also asked ADM to take action.
http://grist.org/food/agribusiness-giant-tells-suppliers-to-stop-cutting-down-forests/
5 replies
= new reply since forum marked as read
= new reply since forum marked as read
