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
"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has a chance to be a world champion in clean and renewable energy rather than continuing to rely on destructive and outdated hydroelectric dams like Belo Monte.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?"
A Brazilian federal court has revoked Canadian miner Belo Sun Mining's license for the Volta Grande project, which would have become the country's largest gold mine, in the Amazonic state of Para. The ruling, which established the miner failed to assess the impact on local indigenous communities, is a major blow to Belo Sun's ambitions, said Amazon Watch's Brazil Program Consultant Christian Poirier.
Judge Claudio Henrique de Pina said it was "unquestionable" that the mine would have a "negative and irreversible" impact on the quality of life and cultural heritage of the Paquiçamba, Arara da Volta Grande and Ituna/Itatá indigenous communities that straddle the Xingu river.
The very real "game" to keep the ball rolling for justice on the XingúJune 25, 2014
...Brazil! Many predict Brazil will win the 2014 World Cup. But when it comes to social justice, Brazil is no winner. I say this from the perspective of a Brazilian human rights campaigner who has struggled on these "fields" with my fellow players for a long time.
While the world watches Brazil host the global sporting spectacle, its powerful agribusiness sector is laying the groundwork for a massive land grab, intent on gutting indigenous rights riding a wave of racism and intolerance.