Investor's Eye on the Amazon - July 2013
- July 2013
- Amazon Watch
This is the summer edition of Investor's Eye on the Amazon, an email newsletter that provides institutional investors, industry analysts, and researchers with key insight into the some of the most pressing issues facing the Amazon rainforest and companies operating there.
In the face of massive indigenous opposition, Ecuador and Peru are pushing ahead with oil rounds that would place millions of acres of the Western Amazon on the chopping block. Many oil companies – seeing the oil blocks as too controversial – are balking at the auctions, but China continues to show interest.
At this year's Chevron annual shareholder meeting, a growing coalition of shareholders and human rights organizations confronted CEO John Watson for his mishandling of the massive $19 billion environmental disaster in the Ecuadorian Amazon.
But it's not just extractive industry that is threatening Amazonian communities. In the Brazilian Amazon the polemic Belo Monte dam is facing major cost overruns due to indigenous occupations over the last year.
As always, Amazon Watch is thankful for the work of socially conscious investors and we hope that these updates serve as valuable tools for you in your ongoing work.
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