Opaque Financial Deforestation: Networks Linked to Losses of 289 Million per Year in Brazil and Cameroon
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SRINAGAR, India – A new report concluded that billions of dollars linked to illegal deforestation flow through global supply chains, while the secrecy surrounding land ownership and business records allows products derived from wood, soybeans and beef to [...]
The lack of transparency about who owns the lands and businesses that profit from deforestation is draining hundreds of millions of dollars from the public coffers and fueling the climate crisis. A report by the Financial Transparency Coalition and the Center for Economics and Finance for the Development of Latin America (CEFILAT) reveals that in Cameroon alone, fictitious timber trade evades $289 million a year between 2013 and 2023. In Brazil,…
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