Banks Urged To Stop Funding Animal Farms In New Open Letter

More than 100 civil society organizations have signed an open letter urging major US banks like Bank of America and JPMorgan Chase to stop funding animal agriculture. These banks continue to finance meat and dairy companies like Tyson Foods and Nestlé, despite the detrimental effects these industries have on animals, public health, and the environment. The letter stresses the crucial role that animal farms play in contributing to the acceleration of the climate crisis, and calls for banks to halt their funding to these industries in order to make a positive impact on climate change.

Investigations have revealed that banks are pouring billions of dollars into the environmentally destructive meat industry, exacerbating the climate crisis by helping polluting meat and dairy companies expand. Animal agriculture is responsible for a significant portion of global greenhouse gas emissions, particularly methane, which is a powerful greenhouse gas emitted through the belches of ruminant animals like cows. Banks are urged to take immediate action in halting their financing of industrial livestock production in order to fulfill their climate commitments and make a positive impact on the planet and its inhabitants.