"Brazilian Meat Giant With Mega Emissions Races To Attract US Investors"

"An unusual collection of Senate leaders, British lords, environmentalists and a secretive lobbying group is urging the Biden administration to block a Brazilian meat processing giant linked to Amazon deforestation from offering shares to U.S. investors.

Opponents of JBS argue that its move to join the New York Stock Exchange would provide more cash and less oversight for a scandal-plagued company that’s a major climate polluter and the world’s largest meat processor.

There’s just one problem for the company’s critics: The Securities and Exchange Commission lacks the power to stop JBS from selling stock in the U.S. if the company is open with investors about its impact on the climate and other risks, according to financial experts."

Corbin Hiar reports for E&E News January 24, 2024.

Source: E&E News, 01/25/2024