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The Guardian - UK
The Guardian - UK
Environment
Sophie Kevany

US banks ‘sabotaging’ own net zero plans by livestock financing, report claims

United States Bank of America Citigroup JBS JPMorgan Chase Protein
Brown, black and cream-coloured young cattle huddle together in a field at a farm in Austin, Texas, US, 2 April 2024.
Banks are ‘ignoring a huge cow-shaped hole in their plans’, said the lead author of the report. Photograph: Adam Davis/EPA

American banks are “sabotaging” their own climate commitments by financing meat, dairy and feed corporations, according to a report.

The report analysed funding from 58 US banks to animal protein and feed companies in the form of loans and underwriting, such as share and bond issuance guarantees.

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