Warning to Brazil: investors call for the end of the Amazon deforestation

investors from Norway and eight other countries have called on Brazil to stop the deforestation in the Amazon region and the rights of indigenous peoples to be

Warning to Brazil: investors call for the end of the Amazon deforestation

investors from Norway and eight other countries have called on Brazil to stop the deforestation in the Amazon region and the rights of indigenous peoples to be observed. With great concern we have been following the increasing deforestation in Brazil, wrote to the Norwegian asset Manager, Storebrand, and 28 other companies in one on Tuesday published an open letter to a number of Brazilian embassies.

in recent years, escalating deforestation, as well as reports on the watering down of environmental protection and human rights created uncertainties about the conditions for investment in Brazil, it said in the letter. The companies were also Statements made by the Minister for the environment, Ricardo Salles, according to which Brazil should take advantage of the Coronavirus pandemic, environmental regulations for the Amazon fan area. In the worst case, the developments could mean that you have to pull its investments from individual companies or business fields back, warned Storebrand.

The tropical forests played a crucial role in the fight against climate change and the protection of the diversity of species, noted the company in the letter. A already to the Brazilian Parliament introduced rules could result in the event of an approval a further illegal to Occupy public areas and felling of forests. This would not only put the Survival of the Amazon and the achievement of the Paris climate objectives, but also the rights of indigenous peoples is undermined.

The letter is an unusual step for financial investors. Normally, you communicate not with governments or authorities, but directly with the companies in which they invest.

Updated Date: 23 June 2020, 08:19

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