Brazil announces end to Amazon mega-dam building policy

Brazil announces end to Amazon mega-dam building policy

Chamber Articles Category: Economic News Post Date: 01/04/18 Source: Mongabay By: Sue Branford
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Brazil’s government this week announced a major shift away from its policy of building mega-dams in the Brazilian Amazon – a strategy born during the country’s military dictatorship (1964-1985) and vigorously carried forward down to the present day.

The Temer government claims the decision is a response to intense resistance from environmentalists and indigenous groups, but while that may be part of the reason, experts see other causes as well.

The decline in political influence of Brazil’s gigantic construction companies caused by the Lava Jato (Car Wash) corruption investigation is likely a major cause of the change in policy. So is the current depressed state of Brazil’s economy, which makes it unlikely that Brazil’s huge development bank (BNDES) will invest in such multi-billion dollar projects.

While environmentalists and indigenous groups will likely celebrate the shift away from the mega-dam policy, experts warn that many threats to the Amazon remain, including pressure by Brazil’s ruralist lobby to open up conserved areas and indigenous lands to agribusiness, along with threats posed by new road, rail, waterway and mining projects. Read Full Article