Trillion-dollar investors warn Brazil over ‘dismantling’ of environmental policies

Letter signed by 29 organisations, including the Church of England, states financial institutions have a duty to tackle climate change

Investors managing trillions of dollars in assets have warned Brazil that escalating and the “dismantling” of policies to protect the environment and indigenous communities are “creating widespread uncertainty about the conditions for ”.

Amazon destruction rose to its highest level in more than a decade last year, Brazil’s first under the leadership of Jair Bolsonaro, a far-right nationalist who has vowed to develop the region and slash environmental protections.

Related: Brazilian meat companies linked to farmer charged with ‘massacre’ in Amazon

Related: Revealed: UK banks and investors’ $2bn backing of meat firms linked to Amazon deforestation

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