IBOV 178,000.24 — 0.00% IPSA 11,049.81 ▲ 0.30% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,274,443 ▼ 0.51% COLCAP 2,384.67 ▼ 0.31% BVL PERÚ 57,378.30 — — USD/BRL5.08▲ 0.19% USD/MXN 17.31 — 0.00% USD/CLP925.12▼ 0.64% USD/COP3,228▲ 0.79% USD/PEN3.39▼ 0.08% USD/ARS1,494▲ 0.57% USD/UYU40.27▲ 0.17% USD/PYG5,936▲ 0.08% USD/BOB12.07▼ 0.25% USD/DOP58.13▲ 0.24% USD/CRC448.42— 0.00% USD/GTQ7.62▼ 0.08% USD/HNL26.78▲ 0.07% USD/NIO 36.62 — 0.00% USD/VES746.91▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.01▲ 0.52% USD/TTD6.74▲ 0.40% EUR/BRL5.85▼ 0.16% BRENT 83.51 ▼ 7.33% WTI 80.06 ▼ 5.44% IRON ORE 161.91 — — COPPER 6.54 ▲ 1.67% GOLD 4,111 ▲ 1.53% SILVER 58.40 ▲ 1.40% SOY 1,192 ▲ 1.73% CORN 473.00 ▲ 7.32% WHEAT 651.50 ▲ 1.92% COFFEE 321.15 ▼ 3.30% SUGAR 15.01 ▲ 2.39% ORANGE JUICE 159.20 ▲ 2.74% COTTON 81.39 ▲ 1.11% COCOA 5,903 ▲ 9.38% BEEF 227.03 ▼ 2.04% CATTLE 343.00 ▼ 1.44% LITHIUM 69.41 ▲ 0.27% PETR4 43.05 ▼ 0.85% VALE3 74.64 ▼ 2.15% ITUB4 43.17 ▲ 0.70% BBDC4 18.55 ▲ 0.76% ABEV3 15.77 ▼ 1.38% BBAS3 21.27 ▼ 0.37% B3SA3 15.62 ▼ 0.70% WEGE3 48.20 ▲ 2.12% PRIO3 58.50 ▼ 3.86% SUZB3 43.10 ▼ 0.51% RENT3 38.10 ▲ 1.30% AZZA3 16.23 ▼ 1.16% CSAN3 4.10 ▲ 0.74% RAIZ4 0.26 — 0.00% PCAR3 2.75 ▲ 6.18% GMAT3 3.97 ▼ 1.49% PSSA3 54.00 ▼ 1.28% CVCB3 1.44 ▲ 9.92% POSI3 3.51 ▼ 1.13% SLCE3 13.35 ▼ 0.22% NATU3 8.50 ▲ 1.43% BRKM5 5.96 ▼ 0.17% RANI3 8.42 ▲ 3.82% CSNA3 4.51 ▼ 6.82% CMIN3 5.73 ▲ 0.35% USIM5 7.56 ▲ 2.72% GGBR4 25.63 ▲ 2.60% ENEV3 26.75 ▲ 1.67% CPFE3 46.11 ▼ 0.07% CMIG4 11.28 ▼ 0.53% EQTL3 38.89 ▲ 0.59% LREN3 13.85 ▲ 1.84% VIVT3 32.30 ▼ 1.01% RAIL3 14.16 ▼ 1.94% KLABIN 18.24 ▼ 0.05% RAIA DROGASIL 18.85 ▲ 2.00% RDOR3 34.06 ▼ 1.67% HAPV3 11.91 ▲ 5.59% FLRY3 17.27 ▲ 0.76% SMTO3 14.38 ▼ 0.96% UGPA3 33.10 ▲ 0.15% VBBR3 36.13 ▲ 0.22% BBSE3 41.36 ▲ 0.24% BPAC11 57.12 ▲ 0.56% CURY3 31.45 ▲ 4.52% AERI3 2.15 — 0.00% VIVARA 22.84 ▲ 2.98% COMPASS 25.10 ▲ 1.05% VAMOS 3.26 ▼ 2.40% SANB11 28.93 ▲ 1.08% ASAI3 8.55 ▲ 0.59% SBSP3 27.57 ▼ 0.47% WALMEX 49.94 ▼ 0.62% GMEXICO 211.62 ▲ 1.88% FEMSA 217.81 ▼ 1.64% CEMEX 20.60 ▲ 0.44% GFNORTE 198.18 ▼ 1.20% BIMBO 61.29 ▼ 1.08% TELEVISA 9.67 ▼ 1.43% AMX 21.68 ▼ 1.77% GAP 377.50 ▲ 0.26% ASUR 278.60 ▲ 1.08% OMA 230.90 ▼ 0.19% KOF 185.35 ▼ 1.02% GRUMA 263.20 ▲ 1.92% KIMBER 40.01 ▼ 0.47% SQM-B 61,910 ▼ 1.26% COPEC 6,342 ▼ 0.13% BSANTANDER 80.44 ▼ 0.68% FALABELLA 6,384 ▲ 2.70% ENELAM 87.00 ▼ 1.13% CENCOSUD 1,955 ▲ 0.01% CMPC 1,050 ▼ 0.47% BANCO CHILE 192.48 ▼ 0.64% LATAM AIR 25.25 ▲ 2.06% YPF 8,080 ▼ 2.53% GGAL 7,980 ▲ 1.25% PAMPA 5,505 ▼ 0.90% TXAR 654.50 ▼ 0.76% ALUAR 966.50 ▼ 1.13% TGS 9,890 ▼ 1.59% CEPU 2,370 ▼ 1.09% MIRGOR 1,680 ▼ 89.72% COME 43.19 ▼ 1.91% LOMA NEGRA 3,588 ▼ 0.90% BYMA 293.25 ▼ 0.76% TELECOM ARG 4,380 ▼ 0.62% ECOPETROL 16.60 ▼ 1.01% BANCOLOMBIA 91.07 ▼ 1.57% GRUPO AVAL 5.24 ▼ 0.76% CREDICORP 395.79 ▼ 1.20% SOUTHERN COPPER 185.91 ▲ 1.75% BUENAVENTURA 30.47 ▲ 0.63% MERCADOLIBRE 1,899 ▲ 1.11% NUBANK 14.44 ▲ 0.77% XP 17.03 ▼ 0.18% PAGSEGURO 9.60 ▼ 0.41% STONE 11.35 ▼ 0.22% GLOBANT 37.14 ▲ 1.48% TECNOGLASS 46.76 ▲ 7.64% GAP 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4,111 ▲ 1.53% SILVER 58.40 ▲ 1.40% SOY 1,192 ▲ 1.73% CORN 473.00 ▲ 7.32% WHEAT 651.50 ▲ 1.92% COFFEE 321.15 ▼ 3.30% SUGAR 15.01 ▲ 2.39% ORANGE JUICE 159.20 ▲ 2.74% COTTON 81.39 ▲ 1.11% COCOA 5,903 ▲ 9.38% BEEF 227.03 ▼ 2.04% CATTLE 343.00 ▼ 1.44% LITHIUM 69.41 ▲ 0.27% PETR4 43.05 ▼ 0.85% VALE3 74.64 ▼ 2.15% ITUB4 43.17 ▲ 0.70% BBDC4 18.55 ▲ 0.76% ABEV3 15.77 ▼ 1.38% BBAS3 21.27 ▼ 0.37% B3SA3 15.62 ▼ 0.70% WEGE3 48.20 ▲ 2.12% PRIO3 58.50 ▼ 3.86% SUZB3 43.10 ▼ 0.51% RENT3 38.10 ▲ 1.30% AZZA3 16.23 ▼ 1.16% CSAN3 4.10 ▲ 0.74% RAIZ4 0.26 — 0.00% PCAR3 2.75 ▲ 6.18% GMAT3 3.97 ▼ 1.49% PSSA3 54.00 ▼ 1.28% CVCB3 1.44 ▲ 9.92% POSI3 3.51 ▼ 1.13% SLCE3 13.35 ▼ 0.22% NATU3 8.50 ▲ 1.43% BRKM5 5.96 ▼ 0.17% RANI3 8.42 ▲ 3.82% CSNA3 4.51 ▼ 6.82% CMIN3 5.73 ▲ 0.35% USIM5 7.56 ▲ 2.72% GGBR4 25.63 ▲ 2.60% ENEV3 26.75 ▲ 1.67% CPFE3 46.11 ▼ 0.07% CMIG4 11.28 ▼ 0.53% EQTL3 38.89 ▲ 0.59% LREN3 13.85 ▲ 1.84% VIVT3 32.30 ▼ 1.01% RAIL3 14.16 ▼ 1.94% KLABIN 18.24 ▼ 0.05% RAIA DROGASIL 18.85 ▲ 2.00% RDOR3 34.06 ▼ 1.67% HAPV3 11.91 ▲ 5.59% FLRY3 17.27 ▲ 0.76% SMTO3 14.38 ▼ 0.96% UGPA3 33.10 ▲ 0.15% VBBR3 36.13 ▲ 0.22% BBSE3 41.36 ▲ 0.24% BPAC11 57.12 ▲ 0.56% CURY3 31.45 ▲ 4.52% AERI3 2.15 — 0.00% VIVARA 22.84 ▲ 2.98% COMPASS 25.10 ▲ 1.05% VAMOS 3.26 ▼ 2.40% SANB11 28.93 ▲ 1.08% ASAI3 8.55 ▲ 0.59% SBSP3 27.57 ▼ 0.47% WALMEX 49.94 ▼ 0.62% GMEXICO 211.62 ▲ 1.88% FEMSA 217.81 ▼ 1.64% CEMEX 20.60 ▲ 0.44% GFNORTE 198.18 ▼ 1.20% BIMBO 61.29 ▼ 1.08% TELEVISA 9.67 ▼ 1.43% AMX 21.68 ▼ 1.77% GAP 377.50 ▲ 0.26% ASUR 278.60 ▲ 1.08% OMA 230.90 ▼ 0.19% KOF 185.35 ▼ 1.02% GRUMA 263.20 ▲ 1.92% KIMBER 40.01 ▼ 0.47% SQM-B 61,910 ▼ 1.26% COPEC 6,342 ▼ 0.13% BSANTANDER 80.44 ▼ 0.68% FALABELLA 6,384 ▲ 2.70% ENELAM 87.00 ▼ 1.13% CENCOSUD 1,955 ▲ 0.01% CMPC 1,050 ▼ 0.47% BANCO CHILE 192.48 ▼ 0.64% LATAM AIR 25.25 ▲ 2.06% YPF 8,080 ▼ 2.53% GGAL 7,980 ▲ 1.25% PAMPA 5,505 ▼ 0.90% TXAR 654.50 ▼ 0.76% ALUAR 966.50 ▼ 1.13% TGS 9,890 ▼ 1.59% CEPU 2,370 ▼ 1.09% MIRGOR 1,680 ▼ 89.72% COME 43.19 ▼ 1.91% LOMA NEGRA 3,588 ▼ 0.90% BYMA 293.25 ▼ 0.76% TELECOM ARG 4,380 ▼ 0.62% ECOPETROL 16.60 ▼ 1.01% BANCOLOMBIA 91.07 ▼ 1.57% GRUPO AVAL 5.24 ▼ 0.76% CREDICORP 395.79 ▼ 1.20% SOUTHERN COPPER 185.91 ▲ 1.75% BUENAVENTURA 30.47 ▲ 0.63% MERCADOLIBRE 1,899 ▲ 1.11% NUBANK 14.44 ▲ 0.77% XP 17.03 ▼ 0.18% PAGSEGURO 9.60 ▼ 0.41% STONE 11.35 ▼ 0.22% GLOBANT 37.14 ▲ 1.48% TECNOGLASS 46.76 ▲ 7.64% GAP AIRPORT 218.14 ▲ 0.36% ASUR 278.60 ▲ 1.08% OMA AIRPORT 106.73 ▼ 0.16% AMX ADR 24.96 ▼ 1.54% FEMSA ADR 125.75 ▼ 1.75% CEMEX ADR 11.84 ▲ 0.17% PETROBRAS ADR 19.06 ▼ 1.75% VALE ADR 14.58 ▼ 3.19% ITAU ADR 8.49 ▲ 0.35% SANTANDER BR 5.74 ▲ 1.23% AMBEV ADR 3.05 ▼ 1.93% CSN 0.93 ▼ 5.65% GERDAU 5.06 ▲ 2.02% LATAM ADR 54.53 ▲ 3.35% BTC 63,645 ▲ 0.26% ETH 1,865 ▼ 0.91% SOL 73.71 ▲ 0.36% XRP 1.08 ▼ 0.38% BNB 589.56 ▲ 0.34% ADA 0.19 ▲ 2.22% DOGE 0.07 ▼ 0.37% AVAX 6.57 ▲ 0.44% LINK 8.22 ▼ 1.81% DOT 0.82 ▲ 3.15% LTC 44.43 ▼ 0.46% BCH 213.74 ▲ 0.57% TRX 0.33 ▲ 0.63% XLM 0.17 ▼ 1.31% HBAR 0.07 ▲ 1.17% NEAR 1.75 ▲ 1.80% ATOM 1.37 ▲ 8.47% AAVE 92.56 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Brazil In-Depth - Brazil

Brazil Criticised for Anti-Environmental Stance at Climate Summit

By · August 22, 2019 · 4 min read

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SÃO PAULO, BRAZIL – Brazil’s Environment Minister, Ricardo Salles, was booed on Wednesday (August 21st) at the opening of the third day of the Latin American and Caribbean Climate Change Week (LACCW), being held in Salvador, Bahia. Over the last few months, the Bolsonaro administration has been severely criticized for its anti-environmental stance, especially when it comes to the Amazon region.

Brazil,Data has shown that since January 1st thousands of kilometers of forest has been burned in the Amazon region.
Data has shown that since January 1st, thousands of kilometers of the forest have been burned in the Amazon region. (Photo internet reproduction)
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Booing Salles was just the latest criticism received by Brazil’s federal government, but government officials do not seem to take note.

“We were convinced by the mayor (ACM Neto) to hold the event, which allows each of you to be making your demonstrations here,” said the minister responding to the booing.

In May, the minister announced that the federal government was canceling the LACCW event. At the time, Salles said that “it made no sense” for Brazil to host a meeting to prepare for the United Nations Climate Conference (COP 25), which would no longer happen in Brazil.

“I am going to host a conference that will prepare for another one, which will not happen in Brazil anymore. Why? Doesn’t make any sense! Have a meeting, so these have the opportunity to do tourism in Salvador?” he said.

A few days later, however, he changed his mind, after Salvador’s mayor, announced the city would host the event even without Brazil’s federal government’s support.

Brazil,Both President Bolsonaro and Environment Minister, Salles, have taken an anti-environmental stance.
Both president Bolsonaro and Environment Minister Salles have taken an anti-environmental stance. (Photo courtesy of Palácio do Planalto)

As Salles was being booed in Salvador, Brazilian president Jair Bolsonaro told journalists in Brasília that non-governmental organizations (NGOs) could be behind the recent burnings in the Amazon region.

“So, there may be criminal activity by these NGO people to draw attention against me, against the government of Brazil. This is the war we face,” he said, noting that the federal government had suspended funds to various organizations.

“Of all foreign aid, forty percent went to NGOs. There is no more (of that). We also ended the transfer of public money. So, these people are missing the money,” he added.

This continuous “attack” on the environment has stained Brazil’s image abroad when it comes to taking care of its natural resources.

Representatives in Salvador say there are growing concerns that the current Brazilian administration may take anti-environmental stances to levels which could lead to irreparable damage to the region.

“Even in some of the most recent critical political moments, such as Dilma’s (Rousseff) impeachment proceedings, Brazil ratified the Paris Accord in both the Chamber and the Senate,” said Carlos Rittl, executive secretary of the environmental non-profit organization Observatório do Clima (Climate Observatory), during a seminar earlier this month.

“For the past few years, Brazil has been a key player in the socio-environmental agenda,” said Rittl. “Today it still plays a significant role, but in the anti-environmental agenda,” concluded the executive sadly.

Brazil,Forest burning in the state of Acre.
Forest burning in the state of Acre. (Photo internet reproduction)

On Monday, some of Brazil’s most prestigious environmentalists called for other participants to start taking a more active role in the country’s environment.

“If the federal government is reluctant, cities and states have to take the lead in taking care of climate change,” said Brazilian climatologist and researcher Carlos Nobre, who is one of the participants.

And it seems that some officials are starting to do just that. Governors of states within the Amazon region released a statement, on Sunday 18th, stating that they regret the measures and positions taken by the Brazilian federal government for the region, which ultimately led Germany and Norway to suspend financial aid to help preserve the Amazon.

“The bloc reaffirms the importance of resources allocated by Germany and Norway. We, Governors in Legal Amazon, are unconditional defenders of the Amazon Fund,” says the note signed by a group of governors from Acre, Amapá, Amazonas, Maranhão, Mato Grosso, Pará, Rondônia, Roraima, and Tocantins.

The governors also said they intend to negotiate directly with the two foreign countries involved. “The bloc has already advised the (Brazilian) president and the embassies of Norway, Germany, and France that the consortium will be in direct dialogue with the Fund’s funding countries,” concluded the statement.

The LACCW continues until Friday, August 23rd, with the presence of leaders, policymakers, regional and global actors from twenty-six countries discussing climate action for the region.

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