Brazilian cosmetics maker Natura & Co is pressing government officials, the private sector, and local communities to bolster environmental protections in the Amazon after fires this year disrupted its supply chain, its chief executive told Reuters.
Soon to become the world’s fourth-largest beauty group after acquiring rival Avon Products, Natura is advocating sustainable development of the Amazon without antagonizing right-wing President Jair Bolsonaro, who has called for greater economic exploitation of the vast region.
“It seems to me the new government is critical of existing control mechanisms but has not yet set in motion alternatives,” Natura CEO João Paulo Ferreira said in an interview late on Friday, November 29.
Under Bolsonaro, who took office at the start of this year, forest fires surged in August, the most for the month since 2010. That backslide triggered global outcry about his government’s policies toward the world’s largest tropical rainforest, considered key to the fight against climate change because of the amounts of carbon dioxide it absorbs.
Reuters reported in August that Bolsonaro’s government had systematically weakened Brazil’s environmental agency, grounding an elite enforcement team and forbidding agents from destroying machinery used in illegal deforestation.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
FCC Votes to Restore Net Neutrality Rules
Apr 25, 2024 by
nhoch@pymnts.com
Apple Rejects Spotify’s Updated App Over In-App Pricing Disclosure
Apr 25, 2024 by
CPI
FCC Set to Reinstate Net Neutrality Rules Today
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI