Geopolitics Alpha

US corporate lobbyists mounted ‘blitz’ to dilute landmark EU deforestation law, report finds

Published . Updated .

Environmental watchdog Mighty Earth reveals two-year effort to postpone and weaken EU Deforestation Regulation US corporate lobbyists launched a two-year “blitz” to postpone and weaken the world’s most progressive legislation to protect forests, according to a new investigation by the environmental watchdog Mighty Earth. Major US firms and trade associations, including Cargill, Bunge, Mondelēz and the US Soybean Export Council, as well as numerous other US firms and organizations, sought to influence the EU Deforestation Regulation (EUDR) in more than 350 meetings, the advocacy group found . Continue reading...

Directly affected

  • PGR Progressive

    Named in this report.

Indirectly affected

  • ZIM ZIM Integrated Shipping

    Container lines are exposed when a shipping lane is disrupted

  • MATX Matson

    Container lines are exposed when a shipping lane is disrupted

  • DAC Danaos

    Ship owners earn more when vessels are tied up longer

  • GSL Global Ship Lease

    Ship owners earn more when vessels are tied up longer

  • SBLK Star Bulk Carriers

    Dry-bulk carriers move with commodity shipping demand

  • GOGL Golden Ocean

    Dry-bulk carriers move with commodity shipping demand

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
PGR———————
ZIM———————
MATX———————
DAC———————
GSL———————
SBLK———————
GOGL———————

Environmental watchdog Mighty Earth reveals two-year effort to postpone and weaken EU Deforestation Regulation US corporate lobbyists launched a two-year “blitz” to postpone and weaken the world’s most progressive legislation to protect fo…

Source: The Guardian

How solid the shipping case looks

12 out of 100

“US corporate lobbyists mounted ‘blitz’ to dilute landmark EU deforestation law, report finds” scores 12 out of 100. The score uses 1 sources.