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Study reveals top Brazil beef and leather firms, backed by $100B, fail to halt deforestation.
A recent study by Global Canopy shows that 80% of Brazil's top beef and leather companies and their financiers have not committed to stopping deforestation.
The report highlights 175 influential companies and financial institutions that have backed them with $100 billion, equivalent to one-third of the annual climate funding wealthy nations pledged during COP29.
Despite some companies claiming commitments to halt deforestation, they continue to purchase from recently deforested areas, particularly in the Amazon.
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