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Big banks fund the heavy machinery used for Amazon deforestation, report says

The deforestation sweeping across the Brazilian Amazon is driven largely by industrial agriculture, mining and cattle ranching. But those activities wouldn’t be possible without heavy machinery like bulldozers and tractors, and the big banks that often finance their purchase. Questionable business practices, weak government oversight and a lack of transparency make buying heavy machinery in […] ....

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John Deere and Brazilian bank team up to equip farmers deforesting the Amazon

Farmers with land interdicted by environmental authorities were granted loans with public money through a bank that belongs to the world’s largest agricultural machinery manufacturer. ....

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