BOE Risks New Outrage With Fix for Animal Fat in Banknotes
- Central bank considering using palm oil in polymer notes
- Consultation follows anger over animal fat in new 5-pound note
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After causing outrage among vegetarians by using animal fat in new U.K. banknotes, the Bank of England is now attempting to dodge environmental criticism of its possible solution.
To replace the tallow in some future polymer notes, the BOE is considering the use of palm oil -- cited by researchers as a cause of deforestation, pesticide pollution and greenhouse-gas emissions. It’s also blamed for the displacement of indigenous people and the use of forced and child labor.