Oatly is facing backlash after selling a stake to Blackstone, which is connected to Amazon deforestation, Donald Trump and America’s housing crisis. The popular dairy-free brand has faced backlash for selling a £150m stake to an equity firm with ties to Donald Trump's presidential campaigns and the deforestation of the Amazon rainforest Eco-conscious Oatly drinkers might be disappointed to learn that their new investor is a driving force behind deforestation in the Amazon rainforest. Oatly faces a storm in a teacup after its links to controversial private equity investor firm Blackstone drew ire on Twitter this week, with activists declaring the brand ‘cancelled‘. And understandably, with the rise of veganism and a newfound desire to save the planet, consumers have helped Oatly grow … Whether we consider the Blackstone board and Oatly consumers to be immoral in themselves, or whether it is the actions that bring about their income that are immoral, Oatly is, and always has been, receiving ‘dirty money’. Blackstone may engage in unethical behaviour, but the $200m they invested in Oatly is not of a different class to the $200m in revenue Oatly earned during 2019. Oatly publicly defended Blackstone’s investment in the company, explaining that the move was meant to drive more large investors to fund green and sustainable brands. Or should the Amazon rainforest be considered a “global asset” rather than the “property” of Brazil and other South American countries? Blackstone is the biggest private equity fund in the world and is linked to deforestation of the Amazon rain forest and supporting Trump. Oatly has been bobbing along in the ... demand has led to parts of rainforest being destroyed. Before you dump your Oatly: No, the company is not planting oat fields in the Amazon or chopping down old-growth forests to shore up its rapeseed oil supply. The Amazon Rainforest, South America The next on our list is none other than the world’s largest rainforest. Blackstone have investments in a company that has previously been falsely accused of causing deforestation in the Amazon rainforest. Blackstone’s partnership with Oatly . It also has a stake in Hidrovias, an infrastructure company from Brazil allegedly linked to deforestation in the Amazon rainforest. Nevertheless, the darling oat milk brand was taken to task on social media this week after a climate activist disclosed it had received a $200-million investment from […] ILLEGAL loggers in the Amazon rainforest are taking advantage of the coronavirus pandemic as the rate of deforestation has doubled, researchers have warned. Recently, Oatly has received a $200 million investment from Blackstone Growth. Laura Young, ... a Brazilian infrastructure company reportedly linked to deforestation in the Amazon rainforest. Oatly is facing outrage from activists after signing a ... by climate and political activists who say companies linked to Blackstone are contributing to deforestation in the Amazon rainforest. why are big investors in sustainable business such bad news? Some consumers are boycotting Oatly’s products after news of Blackstone’s July investment went viral among Twitter users in late August. This post comes after my previous post about the news of Oatly selling 10% of their business to Blackstone (a large investment company) who have ties to deforestation in the Amazon, hiking up renting prices, and (the cherry on … In July, the red-hot vegan milk brand Oatly sold a 10% stake for $200 million to a group of investors led by Blackstone Growth and including Oprah Winfrey, Natalie Portman, Jay Z’s Roc Nation, and Starbucks chairman Howard Schultz. The Swedish brand is reportedly eyeing an imminent IPO. Oatly customers are vowing to take their business elsewhere after the company has been accused of ‘selling its ... claiming Hidrovias was contributing to deforestation of the Amazon rainforest. How could that possibly be managed? Oatly, the Swedish milk alternative brand, has come under fire from its own fanbase of vegans and climate activists. Sep 12, 2019 - Explore Dave Hibbert's board "Amazon rainforest deforestation" on Pinterest. So fans of Oatly who agree with its sustainable approach were shocked when they learned that Oatly sold a 10 percent stake in its business to a group led by Blackstone, an investment firm that has been linked to deforestation of the Amazon rain forest and support for U.S. … Oatly has been killing it ... in Brazilian infrastructure companies which are causing widespread deforestation and habitat destruction in the Amazon rainforest. Oat milk giant Oatly has risen to the top of the plant-based milk market with its vast assortment of high quality oat milks, pints of ice cream, and even yogurt. Founded in the 1990s by brothers Rickard and Björn Öste, Oatly entered the US market four years ago. Not only has this deforestation negatively affected the animals who inhabit it, but the 20% … We will have to see what happens with Oatly and Blackstone, but there is a parallel which might make us hopeful. People are threatening to boycott oat milk brand Oatly because of a controversial investment. Last month, Oatly sold a $200 million stake to a consortium that includes Oprah Winfrey and Jay-Z.Among them, though, is the American private equity firm Blackstone, led by Trump donor Stephen Schwartzman. But back to Oatly, deforestation, and why so many people have boycotted them, and why particularly if you go and look at their Twitter, there has been a storm of people calling them out. Blackstone Growth is actively contributing to the deforestation of the Amazon rainforest. The Amazon Rainforest, which spans eight South American countries (mainly Brazil), spreads out to over 6.9 million square kilometres — roughly the size of the 48 contiguous United States. Trees are being cut down at twice the ra… The investment valued privately-held Oatly at $2 billion — unicorn status. Many Oatly customers from all over the world took to Twitter to announce that they would be boycotting the brand, following a tweet written by climate activist Laura Young which accused Hidrovias do Brazil and Pátria Investimento, both companies co-owned by Blackstone, of “directly contributing to the destruction of the Amazon rainforest.” In response to the backlash, Oatly said the investment from Blackstone, combined with an additional $200M secured from a green-deal bank loan, will enable the firm to push its plant-based, sustainable products into the mainstream and scale globally. Leading plant-based milk brand Oatly is facing boycotts from previously loyal customers after it sold a 10% stake in the business to a consortium led by Blackstone, a US private equity firm with links to Donald Trump and alleged involvement in deforestation in the Amazon. Oatly sold its £150million stake to a group of investors ... that Blackstone had invested in an infrastructure company that was “responsible” for the “destruction of the Amazon rainforest”. The private equity firm that now has a stake in Oatly has been accused of contributing to deforestation in the Amazon Edward Helmore Tue 1 Sep 2020 20.17 EDT First published on … On top of that, Blackstone have also previously been linked to investments in Brazilian infrastructure companies which are causing widespread deforestation and habitat destruction in the Amazon rainforest. In mid July, however, Oatly earned a valuation of $2 billion after a $200 million investment from Blackstone Growth, per Bloomberg.Blackstone's major investment alongside its alleged ties to deforestation in the Amazon are now at the center of the current controversy. However in late August, allegations came to light that private equity giant Blackstone has been linked to deforestation in the Amazon rainforest. Over the weekend, sustainable oat milk brand Oatly sparked outrage on Twitter due to new corporate investors Blackstone, whose ties to President Trump and the Amazon rainforest’s deforestation threatens the food company’s ethical brand image. The article suggested that Blackstone part-owned a road (BR-163) and that the road was used to “facilitate the cultivation and export of grain and soybeans” from the Amazon. See more ideas about Rainforest deforestation, Deforestation, Rainforest. A Look At Why The Internet is Boycotting Oatly, And Its Link To Amazon Deforestation.