Skip to Content.
Sympa Menu

livingontheland - [Livingontheland] What Does Goldman Sachs Have to Do With Factory Farms?

livingontheland@lists.ibiblio.org

Subject: Healthy soil and sustainable growing

List archive

Chronological Thread  
  • From: "Tradingpost" <tradingpost@lobo.net>
  • To: livingontheland@lists.ibiblio.org
  • Subject: [Livingontheland] What Does Goldman Sachs Have to Do With Factory Farms?
  • Date: Mon, 24 May 2010 12:14:42 -0600


What Does Goldman Sachs Have to Do With Factory Farms?
The firm is helping to export the environmental catastrophe of factory
farming to China.
http://pg.treehugger.com/work-connect/goldman-sachs-factory-farms.html
By Rachel Cernansky | Thu May 6, 2010 18:56

There's an ecologically-devastating element to Goldman Sachs' investments
that has not and probably will not be mentioned in Congressional hearings
about the company's (other) wrongdoings: The firm not only finances factory
farms, but is actively helping to expand their use in countries not already
overcrowded with their environmental pollution and animal cruelty.

Mia MacDonald of Brighter Green has a must-read post about this problem over
at HuffPost. She explains that in 2008, Goldman "decided to acquire ten
intensive poultry farms in China's Hunan and Fujian provinces for $300
million. While Goldman isn't running the farms itself (that's outsourced) it
retains control over the prices."

The implications are frightening—factory farms in the U.S. spill billions of
pounds of manure into the environment everyday, 80 percent of agricultural
land in the U.S. is used to raise animals for food and grow grain to feed
them, and production of one pound of beef requires 14 times the amount of
water needed to grow a pound of wheat, and 200 times the amount needed to
grow potatoes.

Read the full post to understand Goldman's role in bringing this model to
China (and their majority ownership of Burger King). It will leave you
pondering this question:

Just a year and a half ago, Goldman was kept afloat by billions of dollars in
U.S. government funds. Does that mean U.S. taxpayer dollars subsidized cruel,
polluting, climate-heating factory farms in China?





  • [Livingontheland] What Does Goldman Sachs Have to Do With Factory Farms?, Tradingpost, 05/24/2010

Archive powered by MHonArc 2.6.24.

Top of Page