Aldi and other big grocers threaten to boycott Brazil over deforestation in the Amazon
CNN
Some of Europe's biggest supermarkets and food companies have threatened to stop buying agricultural products from Brazil if a bill they say would encourage deforestation in the Amazon becomes law.
In an open letter published on Wednesday, 40 grocers, food suppliers and investment firms urged Brazilian lawmakers to reconsider a legislative proposal that would legalize the private occupation of public land that has taken place since 2012. They say the bill poses "potentially even greater threats to the Amazon than before," following already high levels of deforestation. Germany's Metro (MTGGY) and discount chains Aldi and Lidl are among the signatories, as are British retailers Tesco (TSCDF), Sainsbury's (JSAIY), Asda, Marks & Spencer (MAKSY) and Waitrose & Partners, and Dutch group Ahold Delhaize (ADRNY), which operates 21 brands mainly in Europe and the United States.More Related News