This summer, Blackstone Group bought 10 percent of Oatly for $200 million — meaning that now, when you purchase Oatly oat milk, part of your money is going to a massive company that uses its money to destroy the Amazon and support a president who has made his lack of compassion towards protecting the environment abundantly clear. Ugh.
While participating in the boycott is understandable, there are a few arguments for continuing to support Oatly, who responded to the controversy in a blog post.
Oatly explained that in order to expand its oat milk offerings around the globe, the company was in need of money. The Oatly team also argued that partnering with Blackstone is similar to vegan brands selling their products in supermarkets that also sell animal products — if you want to grow on a global scale and start competing with animal products, you need to first get into those major markets.
“From a sustainability perspective, we are convinced that helping shift the focus of massive capital towards sustainable approaches is potentially the single most important thing we can do for the planet in the long-term,” Oatly wrote. But still, many fans posted on social media that they will be boycotting the brand.
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September 04, 2020 at 10:35PM
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