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
Meta Platforms May Face Major Fines Over Classified Ads Allegations
Sep 18, 2024 by
CPI
Google Wins Appeal Against EU’s €1.5 Billion Fine for Ad Monopoly Practices
Sep 18, 2024 by
CPI
Meta Introduces Teen Accounts to Address Growing Data Regulation Demands
Sep 17, 2024 by
CPI
FTC Lawyers Wrap Up Arguments to Block Kroger-Albertsons Merger
Sep 17, 2024 by
CPI
Financial Regulator to Monitor CNMC’s Ruling on BBVA-Sabadell Acquisition
Sep 17, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Canada & Mexico
Sep 3, 2024 by
CPI
Competitive Convergence: Mexico’s 30-Year Quest for Antitrust Parity with its Northern Neighbor
Sep 3, 2024 by
Francisco Javier Núñez Melgoza
Competition and Digital Markets in North America: A Comparative Study of Antitrust Investigations in Mexico and the United States
Sep 3, 2024 by
Julio Garcia
Recent Antitrust Development in Mexico: COFECE’s Preliminary Report on Amazon and Mercado Libre
Sep 3, 2024 by
Alejandra Palacios Prieto
The Cost of Making COFECE Disappear
Sep 3, 2024 by
Mateo Fernández