Banks| Dodgy Deals| Map| Campaigns
About us| Blog| Publications| Successes| Contact us| Donate
About BankTrack
Visit us
Organisation
Our team
Our board
Guiding principles
Team up with us
Join our Active Allies list
Our annual reports
Funding and finances
History
BankTrack in the media
Our privacy policy
Donate
2020-12-22 00:00:00
Blog: In 2020, the Equator Principles struggle to remain relevant
2020-12-14 00:00:00
The battle to stop Line 3 is heating up on the ground and across the US
2020-12-14 00:00:00
Corporate accountability and the just transition: Frameworks for holding corporations accountable for climate change
2020-12-12 00:00:00
Five years since the Paris Agreement, are banks' 2050 pledges enough to reign in fossil fuel finance?
2020-09-24 12:53:20
Oscislowo open-pit coal mine cancelled
2020-09-08 13:07:41
Strengthened OECD guidance on responsible banking
2020-02-25 10:35:27
JPMorgan Chase Coal and Arctic Policy a step forward but fails to match its climate responsibility as the world’s #1 Fossil Bank
2020-02-18 17:27:23
Civil society groups welcome Royal Bank of Scotland preparing to exit fossil fuels
Connect
2020-11-30 00:00:00
Soft Commitments, Hard Lessons: an analysis of the Soft Commodities Compact
2020-11-24 00:00:00
"Trust Us, We're Equator Banks": Part II
2020-11-18 00:00:00
Crude Risk: Risks to banks and investors from the East African Crude Oil Pipeline
2020-09-16 00:00:00
Principles for Paris-Aligned Financial Institutions: Climate Impact, Fossil Fuels and Deforestation
2020-08-17 00:00:00
"Trust Us, We're Equator Banks": Part I
2020-03-18 00:00:00
Banking on Climate Change - Fossil Fuel Finance Report 2020
See all publications
Browse
Home
Banks
Dodgy Deals
Map
Campaigns
About
About BankTrack
Donate
Contact BankTrack
Publications
Victories
Follow Us
News
BankTrack blog
Facebook page
Twitter channel
Home › News
Belo Monte: The pressure is on
Start
Dodgy Deals

By: Aviva Imhof
2010-04-22
Brazil

Contact:

Aviva Imhof
aviva@internationalrivers.org


Share this page:

The pressure is mounting against the controversial Belo Monte Dam on the Amazon's Xingu River. The past few weeks have been marked by massive protests, the entry of James Cameron and Sigourney Weaver into the campaign, legal battles and a worldwide media blitz.

After three injunctions by a Federal Court judge to suspend the project's development were overturned by a politically-motivated superior court judge, the project was auctioned off to private investors on April 20. The winning consortium of nine Brazilian companies, known as Norte Energia, will get billions of dollars in public subsidies if the dam project is built.

But the struggle is not over yet. Throughout Brazil, indigenous, environmental and social movements organized protests in more than nine cities in eight states to coincide with the auction. Internationally, phone calls begun pouring into Brazilian Embassies, condemning the government's interference in the judicial system and attempts to push through the project at all costs.

Meanwhile, boats full of indigenous people, including Kayapo, began arriving at the proposed dam site located on Pimental Island on the Xingu River's Big Bend to establish a permanent village to block dam construction. They have vowed to do everything in their power to stop the dam from being built.

Related Dodgy Deals

Projects

There are no projects active for this item now.
on record

Belo Monte dam Brazil

Hydroelectric Power Generation
Browse
Home
Banks
Dodgy Deals
Map
Campaigns
About
About BankTrack
Donate
Contact BankTrack
Publications
Victories
Follow Us
News
BankTrack blog
Facebook page
Twitter channel
Vismarkt 15
6511 VJ Nijmegen
The Netherlands

Tel: +31 24 324 9220
Contact@banktrack.org
©2016 BankTrack                Webdesign by BankTrack and EASYmind
BankTrack is a registered charity in the Netherlands (ANBI) - RSIN 813874658
Find our privacy policy here

Stay up to date

Sign up now for all BankTrack's news


Make a comment

Your comment will be reviewed, before being posted