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
"Those who have taken power are backing an explicitly regressive, anti-environmental agenda," said Christian Poirier, of U.S.-based Amazon Watch.
Amidst the turmoil of the presidential impeachment process, members of Brazil’s Congress are set to dismantle environmental protection laws.May 12, 2016Climate News Network
Taking advantage of Brazil's present political turbulence, as the battle to impeach President Dilma Rousseff reaches its climax, reactionary politicians are quietly rolling back environmental and indigenous protection laws in defiance of the country's commitments under the Paris Agreement.
Under the cover of political mayhem, lawmakers have discreetly moved this polemic proposal toward a plenary vote, threatening to erase Brazil's environmental legislation in one fell swoop.
Constitutional amendment would abolish current federal requirements for environmental assessments of public works projects, such as Amazon damsMay 5, 2016Mongabay
A Commission in the Brazilian Senate has quietly approved a constitutional amendment that would shred the environmental safeguards currently required for public works. If ratified, the amendment could give a green light and fast track approval to major infrastructure projects nationwide including the controversial Sao Luiz do Tapajós hydroelectric project. Such a move could devastate the country's wildlife and natural environment, and do significant harm to indigenous groups.
The most important project of President Dilma Rousseff's energy program is also a monumental example of how energy should not be produced in the 21st century. In addition to its high price tag, the dam is associated with corruption and massive human rights violations due to its social and environmental impacts.
Jacksonville, FL – Earlier today, Munduruku Indigenous leaders from the Amazon participated in General Electric's Annual General Meeting, where they asked the company not to take part in a controversial mega dam project in the heart of the Amazon.
In the shadow of last week's contentious vote to impeach President Dilma Rousseff, Brazil's indigenous agency FUNAI and environmental agency IBAMA made unexpected, decisive rulings in defense of indigenous rights and ecological protection in the Amazon.
Licensing process for São Luiz do Tapajós dam stalled after Funai report demarcated Sawré Muybu land around river, where Munduruku people liveApril 22, 2016The Guardian
While the recession may have forced a pause in the development of the region, Brazil’s political crisis, which looks set to see President Dilma Rousseff removed from office next month, could change that dynamic. “We are living in a moment of great instability. Potentially, a new Ibama president could reverse the decision.”
The São Luiz do Tapajós mega-dam has been suspended by Brazilian authorities in a surprise turnaround that recognizes the presence of indigenous territories in the dam's vicinityApril 22, 2016Mongabay
This Wednesday, IBAMA, the Brazilian Institute of the Environment and Renewable Resources suspended the São Luiz do Tapajós dam’s license, citing its threat to the Indigenous lands of the Munduruku Indians, a land claim just recently recognized by FUNAI, Brazil’s National Indian Foundation. The decision could still be reversed by the Brazilian government – as has happened with other Amazon dams.
The controversial Belo Monte hydropower dam was pushed through by President Rousseff despite protests by environmental and social campaignersApril 8, 2016The Guardian
"It further confirms what we've suspected since the project was rammed forward, in violation of Brazil's legislation and constitution," said Christian Poirier, program director of Amazon Watch. "Today's news sheds further light on the rampant corruption that underpins the construction of Belo Monte. Aside from its looming ethical implications this scandal also reignites the debate as to whether the mega-dam should ever have been built, while revealing what forces lie behind Brazil's dam building boom."