More About BNDES
Brazil’s national bank has grown dramatically in recent years, with its loans far exceeding that of the World Bank. With this scope of investment and the responsibility attached to spending immense amounts of public funds, BNDES should demonstrate a high level of accountability, safeguards, and transparency. BNDES, however, trails in the industry and its track record falls short. More
Given the growing scrutiny of Brazil's dam-building boom, the Tapajós River is now a key battleground in the global debate on the true costs of our development model and its fate could determine the future of the Amazon region.
If the Belo Monte disaster set a grim paradigm for human rights and environmental protection in the Amazon, then the manic race to dam the nearby Tapajós River confirms that the Brazilian government will stop at nothing to produce energy at any and all cost.
Last Sunday the world – and likely you, our readers – took notice as powerful actions took place in over 2,000 locations around the world for the People's Climate March. Where I live in Rio de Janeiro, Brazil, 400 people braved pouring rain, marching for hours as we called for clean energy, not mega-dams in the Amazon.
An open letter signed by 52 NGOs working in Latin AmericaSeptember 22, 2014
As critical climate negotiations take place this week in New York, Amazon Watch joined a coalition of 52 NGOs working in Latin America to insist that large dams should not be considered a clean energy source, nor an energy solution to climate change.
"Used to blaming all of the problems and postponements of project developers on [the environmental agency] IBAMA and [indigenous agency] FUNAI, developers tend to hide their own technical incompetence behind alleged delays in environmental licensing."
One reason this dynamic has been overlooked is that earlier studies evaluated dams' economic performance by considering whether international lenders like the World Bank recovered their loans – and in most cases, they did. But the economic impact on host countries was often debilitating.
The Xingu River Alive Forever Movement, which represents communities affected by the Belo Monte Dam, with support from International Rivers and Amazon Watch, has compiled the most comprehensive history of the destructive dam from its inception to today, in a new, interactive web timeline.
Get the ball rolling on clean energy in BrazilJuly 10, 2014
Despite Brazil's devastating loss to Germany in the World Cup semi-final, Brazil still has a chance to be a world champion in clean and renewable energy rather than continuing to rely on destructive and outdated hydroelectric dams like Belo Monte.
Organizations Submit Amicus Curiae Brief to Brazil's Supreme Federal Court, Demonstrating That Congressional Authorization of the Belo Monte Dam Is Illegal
The authorization violates national and international law because the communities affected by the project were not consulted. Construction of the dam continues, causing harms to people, communities and the ecosystem of the Brazilian Amazon.July 2, 2014
Brasilia, Brazil – Civil society organizations submitted to the Supreme Federal Court an amicus curiae (friend of the court) brief that demonstrates that the Congressional decree authorizing the controversial dam is illegal because the government didn't consult with the affected communities.
"Belo Sun has already shown they want to do the absolute minimum to receive their license to drill and it's encouraging that the federal courts have shown they are not going to let this slide," said Christian Poirier, an activist with the organization Amazon Watch. "Clarifying that you're going to use this much arsenic or dump that much slag by the Xingu River is not enough. If they say clearly what everyone knows is going to happen, do they get an environmental license in any case?"