Oatly comes under fire over new investors
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. 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 Blackstone Group, a firm that also invests in Brazilian companies linked to deforestation, Vice reports. Some of the brand’s fans called for a boycott online; the company responded that “it’s about moving the world’s capital towards green investment.” Our question is: Did Oatly’s Instagram fans really think the company was going to raise $200 million in squeaky clean money? If yes, we’d love to know who’s buying …
