The Businessman Eduardo Elsztain and the Santander Bank, Marked by the Deforestation of Thousands of Hectares of Forest in Salta

A new report by the international organization Global Witness, which has been investigating environmental and human rights abuses in different parts of the world for over 30 years, put Argentine businessman Eduardo Elsztain, from the circle close to President Javier Milei, and Banco Santander at the center of a complaint about alleged deforestation of native forests in Argentina, Brazil, Bolivia and Paraguay. The report focused on how Santander,…

Banco Santander has helped finance one of South America’s worst deforesters by co-organizing $1.3 billion in funding for agro-industrial giant Cresud since 2011, as revealed by the Global Witness organization. This funding increased despite the bank’s adoption of a policy to “limit” deforestation in 2018 and set a target of zero net emissions in 2021. Santander’s support for Cresud’s business model has allowed the company to accelerate its geogr…

The king of the Argentine royal estate, close to Javier Milei, controls the agricultural company Cresud. An international report argues that the company is one of the great deforesters of the Gran Chaco and that the Spanish bank finances its expansion despite its own environmental policies. A new report by the international organization Global Witness, which has been investigating environmental and human rights abuses in different parts of the w…