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Banks and UK supermarkets accused of backing deforestation in Brazil

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Global financiers, UK supermarkets and an Italian leather supplier have supported deforestation, land-grabbing and the use of slave labour in Brazil by funding and stocking products from the Brazilian meat giant JBS, an investigation claimed on Friday.

Financial institutions mentioned in the investigation’s report were HSBC, Barclays, Santander, Deutsche Bank, BlackRock and JP Morgan.

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