South America

Brazil Orders Vale, BHP, Samarco To Pay $9.7 Bln Damages For Dam Disaster

"A Brazilian federal judge ruled that miners Vale, BHP and their joint venture Samarco must pay 47.6 billion reais ($9.67 billion) in damages for a 2015 tailings dam burst, according to a legal decision on Thursday seen by Reuters."

Source: Reuters, 01/26/2024

Historic and Devastating Drought in the Amazon Was Caused by Climate Change

"Climate change was the primary driver of a massive drought in the Amazon basin in 2023 and will likely cause future extreme droughts, with potentially dire consequences for global efforts to cut greenhouse gas emissions, according to a new report from World Weather Attribution."

Source: Inside Climate News, 01/25/2024

"Brazilian Meat Giant With Mega Emissions Races To Attract US Investors"

"An unusual collection of Senate leaders, British lords, environmentalists and a secretive lobbying group is urging the Biden administration to block a Brazilian meat processing giant linked to Amazon deforestation from offering shares to U.S. investors."

Source: E&E News, 01/25/2024

"Indigenous Groups Cede Forest Rights For Sketchy Finance"

"Several companies registered in Latin American countries claiming to have U.N. endorsement have persuaded Indigenous communities to hand over the economic rights to their forests for decades to come, a Mongabay investigation has found. The companies share commercial interests across various jurisdictions, and have not been able to demonstrate experience in sustainable finance projects."

Source: Mongabay, 01/05/2024

Brazil Lawsuits Allege Direct Relationship Between Meatpackers, Deforesters

"Meat processing giant JBS SA and three other slaughterhouses are facing lawsuits seeking millions of dollars in environmental damages for allegedly purchasing cattle raised illegally in a protected area in the Brazilian Amazon."

Source: AP, 12/22/2023

"Brazil Congress Overturns Lula Veto On Limit To Indigenous Land Claims"

"Brazil's Congress on Thursday overturned a presidential veto that had struck down the core of a bill to limit Indigenous land claims, setting up a likely clash at the Supreme Court."

Source: Reuters, 12/15/2023

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