29 Apr '11, 3pm

World's largest beef company signs Amazon rainforest pact

World's largest beef company signs Amazon rainforest pact mongabay.com April 29, 2011 Cow in Mato Grosso. The world's largest meat processor has agreed to stop buying beef from ranches associated with slave labor and illegal deforestation in the Brazilian Amazon, according to the public prosecutor's office in the state of Acre. The deal absolves JBS-Friboi from 2 billion reals ($1.3 billion) in potential fines and paves the way for the firm to continue selling meat to companies concerned about their environmental reputation. The agreement is significant because it was signed by prosecutors from other Amazon states including Rondonia, Amazonas, Roraima, Pará, Tocantins, Maranhão and Amapá. Other cattle giants are expected to follow suit. Under the terms of the deal, JBS agreed to stop buying cattle from areas embargoed by environmental inspection agencies and lands classifi...

Full article: http://news.mongabay.com/2011/0429-amazon_jbs_acre.html

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