Yes. My hon. Friend makes an absolutely crucial point. This time it will be different, because at COP26 in Glasgow about 40 leading global financial institutions pledged that they would no longer invest in companies that supported or made their money out of deforestation. We also had the companies themselves, big commodities companies whose names I am sure my hon. Friend will be familiar with, saying they would no longer invest in products grown as a result of deforestation across the world. The agency for holding those sets of businesses to account, both banks—financial institutions—and companies, will be customers, account holders and consumers across the whole world, who will take their investment away from companies if they fail to honour those commitments. That is a huge change taking place across the world.
COP26
Proceeding contribution from
Boris Johnson
(Conservative)
in the House of Commons on Monday, 15 November 2021.
It occurred during Ministerial statement on COP26.
Type
Proceeding contribution
Reference
703 c342 
Session
2021-22
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2022-01-06 21:05:00 +0000
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