Mongabay series: Amazon Illegal Deforestation

Brazilian meatpacker expands with World Bank funding but fails to reduce impacts in the Amazon

The International Finance Corporation injected $85 million into Minerva, even though it was aware that the company’s activities involved deforestation, child labor and land conflict risks. In recent years, Minerva has become Latin America’s largest meat exporter. But doubts remain over whether it has strictly complied with envi-ronmental and social compensation guidelines specified in its contract.

$3 million and an official apology: Brazil’s Ashaninka get unprecedented compensation for deforestation on their land

An unprecedented court settlement guaranteed reparations to the Ashaninka people of the state of Acre, in the Brazilian Amazon, whose lands were deforested in the 1980s to supply the European furniture industry. The indigenous people only agreed with the negotiation because it included an official apology and a recognition of their "enormous importance as guardians" of the Amazon.
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