IBOV 177,866 ▲ 2.97% IPSA 11,057 ▲ 0.28% IPC MEX 66,496 ▲ 0.59% MERVAL 3,280,224 ▲ 2.43% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,194.27 ▲ 1.29% USD/BRL5.11▲ 0.02% USD/MXN17.52▲ 0.26% USD/CLP923.90▼ 0.41% USD/COP3,242▼ 0.13% USD/PEN3.40▲ 0.24% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.37% USD/PYG6,055▲ 1.45% USD/BOB10.14▲ 4.01% USD/DOP58.61▲ 0.22% USD/CRC448.82▲ 1.41% USD/GTQ7.63▲ 2.31% USD/HNL26.72▲ 0.09% USD/NIO 36.62 — 0.00% USD/VES719.54▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.09▲ 0.40% USD/TTD6.75▲ 1.44% EUR/BRL5.83▲ 0.12% BRENT 79.06 ▲ 4.01% WTI 74.36 ▲ 4.13% IRON ORE 161.91 — — COPPER 6.22 ▼ 0.22% GOLD 4,067 ▼ 0.90% SILVER 58.38 ▼ 2.39% SOY 1,193 ▼ 0.31% CORN 466.00 ▲ 6.39% WHEAT 640.25 ▲ 1.31% COFFEE 318.60 ▼ 10.74% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 6,100 ▼ 3.31% BEEF 235.20 ▼ 0.02% CATTLE 354.60 ▼ 0.44% LITHIUM 72.32 ▼ 0.69% PETR4 39.65 ▲ 1.12% VALE3 74.18 ▲ 1.41% ITUB4 44.30 ▲ 4.02% BBDC4 18.86 ▲ 4.78% ABEV3 15.82 ▲ 0.64% BBAS3 20.58 ▲ 2.90% B3SA3 15.42 ▲ 4.26% WEGE3 46.51 ▲ 1.68% PRIO3 55.45 ▼ 0.29% SUZB3 41.55 ▲ 1.27% RENT3 41.10 ▲ 4.31% AZZA3 19.10 ▲ 3.47% CSAN3 4.07 ▲ 5.44% RAIZ4 0.35 ▼ 5.41% PCAR3 2.73 ▼ 1.09% GMAT3 3.97 ▲ 1.02% PSSA3 54.97 ▲ 3.04% CVCB3 1.25 — 0.00% POSI3 3.97 ▲ 3.12% SLCE3 14.02 ▲ 1.67% NATU3 8.68 ▲ 2.60% BRKM5 6.63 ▲ 4.25% RANI3 8.01 ▲ 1.91% CSNA3 5.18 ▲ 7.92% CMIN3 5.23 ▲ 8.28% USIM5 8.45 ▲ 1.20% GGBR4 23.01 ▲ 2.36% ENEV3 27.55 ▲ 5.15% CPFE3 47.87 ▲ 3.41% CMIG4 11.38 ▲ 2.71% EQTL3 40.91 ▲ 3.54% LREN3 14.62 ▲ 3.32% VIVT3 35.75 ▲ 3.62% RAIL3 14.36 ▲ 4.44% KLABIN 17.54 ▲ 0.80% RAIA DROGASIL 18.77 ▲ 3.53% RDOR3 36.02 ▲ 2.48% HAPV3 10.60 ▲ 5.26% FLRY3 16.42 ▲ 4.25% SMTO3 16.37 ▲ 1.99% UGPA3 30.71 ▲ 2.03% VBBR3 33.00 ▲ 2.80% BBSE3 40.35 ▲ 2.72% BPAC11 58.73 ▲ 5.48% CURY3 34.21 ▲ 4.62% AERI3 2.09 ▲ 1.46% VIVARA 23.53 ▲ 4.21% COMPASS 25.50 ▲ 3.32% VAMOS 3.06 ▲ 3.38% SANB11 27.62 ▲ 5.22% ASAI3 8.87 ▲ 4.85% SBSP3 31.11 ▲ 3.70% WALMEX 49.31 ▲ 0.59% GMEXICO 198.62 ▲ 1.68% FEMSA 223.20 ▲ 0.37% CEMEX 21.82 ▲ 0.51% GFNORTE 186.51 ▲ 0.63% BIMBO 56.06 ▲ 0.23% TELEVISA 9.74 ▲ 2.63% AMX 22.70 ▲ 0.27% GAP 412.01 ▼ 0.41% ASUR 285.12 ▲ 0.53% OMA 235.73 ▼ 0.95% KOF 182.08 ▲ 0.65% GRUMA 282.99 ▲ 0.14% KIMBER 38.13 ▼ 0.81% SQM-B 67,750 ▼ 1.95% COPEC 6,139 ▲ 1.98% BSANTANDER 79.00 ▲ 1.94% FALABELLA 5,905 ▲ 0.92% ENELAM 85.40 ▲ 1.47% CENCOSUD 2,045 ▼ 0.55% CMPC 1,109 ▲ 1.32% BANCO CHILE 188.88 ▲ 1.01% LATAM AIR 26.26 ▼ 0.53% YPF 74,450 ▼ 1.75% GGAL 8,350 ▲ 5.96% PAMPA 5,185 ▼ 0.38% TXAR 671.00 ▲ 0.98% ALUAR 978.00 ▲ 0.98% TGS 9,610 ▲ 3.22% CEPU 2,405 ▲ 3.89% MIRGOR 17,375 ▲ 1.02% COME 45.90 ▲ 1.06% LOMA NEGRA 3,583 ▲ 2.43% BYMA 314.00 ▲ 1.37% TELECOM ARG 4,248 ▲ 3.09% ECOPETROL 15.59 ▲ 1.27% BANCOLOMBIA 82.95 ▲ 2.50% GRUPO AVAL 5.08 ▲ 1.20% CREDICORP 400.81 ▲ 2.27% SOUTHERN COPPER 175.83 ▲ 0.80% BUENAVENTURA 30.00 ▲ 1.52% MERCADOLIBRE 1,852 ▲ 2.46% NUBANK 13.76 ▲ 0.66% XP 16.92 ▲ 3.11% PAGSEGURO 9.25 ▲ 2.78% STONE 11.21 ▲ 2.28% GLOBANT 29.96 ▼ 4.25% TECNOGLASS 43.90 ▲ 1.76% GAP AIRPORT 235.64 ▲ 0.50% ASUR 285.12 ▲ 0.53% OMA AIRPORT 108.09 ▼ 0.22% AMX ADR 26.04 ▲ 0.77% FEMSA ADR 127.70 ▲ 0.55% CEMEX ADR 12.48 ▲ 0.89% PETROBRAS ADR 17.32 ▲ 1.70% VALE ADR 14.46 ▲ 1.69% ITAU ADR 8.62 ▲ 4.11% SANTANDER BR 5.39 ▲ 4.86% AMBEV ADR 3.07 ▲ 0.99% CSN 1.01 ▲ 5.79% GERDAU 4.50 ▲ 2.04% LATAM ADR 56.45 ▼ 1.03% BTC 62,789 ▼ 1.52% ETH 1,777 ▼ 1.59% SOL 76.45 ▼ 0.55% XRP 1.08 ▼ 0.82% BNB 568.40 ▼ 0.97% ADA 0.16 ▼ 1.15% DOGE 0.07 ▼ 0.62% AVAX 6.50 ▲ 1.53% LINK 7.94 ▼ 0.66% DOT 0.83 ▼ 1.45% LTC 43.79 ▼ 0.41% BCH 236.71 ▼ 1.36% TRX 0.33 ▼ 0.47% XLM 0.18 ▼ 1.76% HBAR 0.07 ▼ 0.23% NEAR 1.89 ▲ 0.23% ATOM 1.54 ▼ 1.47% AAVE 94.22 ▼ 2.93% SELIC 14.25% EMBRAER 84.60 ▲ 0.88% EMBRAER ADR 66.01 ▲ 0.72% JBS 11.91 ▲ 1.53% JBS BDR 60.78 ▲ 1.22% MBRF3 15.55 ▲ 0.91% MBRFY 2.97 ▼ 1.00% INTER 5.82 ▲ 1.93% EGX 52,256 ▲ 0.44% USD/ZAR16.39▲ 0.39% USD/NGN 1,376 — 0.00% NIKKEI 67,104 ▼ 2.12% CSI300 4,690 ▼ 1.90% HSI 24,115 ▼ 0.25% NIFTY 24,142 ▼ 0.27% KOSPI 6,832 ▼ 8.62% JCI 5,931 ▲ 0.11% USD/JPY162.25▲ 0.32% USD/CNY6.77▼ 0.07% DAX 25,067 ▼ 0.20% CAC 8,339 ▲ 0.15% FTSE 10,497 ▲ 0.24% MIB 52,614 ▲ 0.44% IBEX 19,385 ▲ 0.32% STOXX 641.10 ▲ 0.04% EUR/USD1.14▲ 0.06% GBP/USD1.34▼ 0.02% SPX 7,575 ▲ 0.42% DJI 52,637 ▲ 0.29% NDX 29,825 ▲ 0.33% RUT 2,978 ▼ 0.49% TSX 35,305 ▲ 0.30% VIX 15.03 ▼ 5.11% USD/CAD1.42— 0.00% US10Y 4.5690 ▲ 0.66% IBOV 177,866 ▲ 2.97% IPSA 11,057 ▲ 0.28% IPC MEX 66,496 ▲ 0.59% MERVAL 3,280,224 ▲ 2.43% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,194.27 ▲ 1.29% USD/BRL 5.11 ▲ 0.02% USD/MXN 17.52 ▲ 0.26% USD/CLP 923.90 ▼ 0.41% USD/COP 3,242 ▼ 0.13% USD/PEN 3.40 ▲ 0.24% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.22 ▲ 1.37% USD/PYG 6,055 ▲ 1.45% USD/BOB 10.14 ▲ 4.01% USD/DOP 58.61 ▲ 0.22% USD/CRC 448.82 ▲ 1.41% USD/GTQ 7.63 ▲ 2.31% USD/HNL 26.72 ▲ 0.09% USD/NIO 36.62 — 0.00% USD/VES 719.54 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.09 ▲ 0.40% USD/TTD 6.75 ▲ 1.44% EUR/BRL 5.83 ▲ 0.12% BRENT 79.06 ▲ 4.01% WTI 74.36 ▲ 4.13% IRON ORE 161.91 — — COPPER 6.22 ▼ 0.22% GOLD 4,067 ▼ 0.90% SILVER 58.38 ▼ 2.39% SOY 1,193 ▼ 0.31% CORN 466.00 ▲ 6.39% WHEAT 640.25 ▲ 1.31% COFFEE 318.60 ▼ 10.74% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 6,100 ▼ 3.31% BEEF 235.20 ▼ 0.02% CATTLE 354.60 ▼ 0.44% LITHIUM 72.32 ▼ 0.69% PETR4 39.65 ▲ 1.12% VALE3 74.18 ▲ 1.41% ITUB4 44.30 ▲ 4.02% BBDC4 18.86 ▲ 4.78% ABEV3 15.82 ▲ 0.64% BBAS3 20.58 ▲ 2.90% B3SA3 15.42 ▲ 4.26% WEGE3 46.51 ▲ 1.68% PRIO3 55.45 ▼ 0.29% SUZB3 41.55 ▲ 1.27% RENT3 41.10 ▲ 4.31% AZZA3 19.10 ▲ 3.47% CSAN3 4.07 ▲ 5.44% RAIZ4 0.35 ▼ 5.41% PCAR3 2.73 ▼ 1.09% GMAT3 3.97 ▲ 1.02% PSSA3 54.97 ▲ 3.04% CVCB3 1.25 — 0.00% POSI3 3.97 ▲ 3.12% SLCE3 14.02 ▲ 1.67% NATU3 8.68 ▲ 2.60% BRKM5 6.63 ▲ 4.25% RANI3 8.01 ▲ 1.91% CSNA3 5.18 ▲ 7.92% CMIN3 5.23 ▲ 8.28% USIM5 8.45 ▲ 1.20% GGBR4 23.01 ▲ 2.36% ENEV3 27.55 ▲ 5.15% CPFE3 47.87 ▲ 3.41% CMIG4 11.38 ▲ 2.71% EQTL3 40.91 ▲ 3.54% LREN3 14.62 ▲ 3.32% VIVT3 35.75 ▲ 3.62% RAIL3 14.36 ▲ 4.44% KLABIN 17.54 ▲ 0.80% RAIA DROGASIL 18.77 ▲ 3.53% RDOR3 36.02 ▲ 2.48% HAPV3 10.60 ▲ 5.26% FLRY3 16.42 ▲ 4.25% SMTO3 16.37 ▲ 1.99% UGPA3 30.71 ▲ 2.03% VBBR3 33.00 ▲ 2.80% BBSE3 40.35 ▲ 2.72% BPAC11 58.73 ▲ 5.48% CURY3 34.21 ▲ 4.62% AERI3 2.09 ▲ 1.46% VIVARA 23.53 ▲ 4.21% COMPASS 25.50 ▲ 3.32% VAMOS 3.06 ▲ 3.38% SANB11 27.62 ▲ 5.22% ASAI3 8.87 ▲ 4.85% SBSP3 31.11 ▲ 3.70% WALMEX 49.31 ▲ 0.59% GMEXICO 198.62 ▲ 1.68% FEMSA 223.20 ▲ 0.37% CEMEX 21.82 ▲ 0.51% GFNORTE 186.51 ▲ 0.63% BIMBO 56.06 ▲ 0.23% TELEVISA 9.74 ▲ 2.63% AMX 22.70 ▲ 0.27% GAP 412.01 ▼ 0.41% ASUR 285.12 ▲ 0.53% OMA 235.73 ▼ 0.95% KOF 182.08 ▲ 0.65% GRUMA 282.99 ▲ 0.14% KIMBER 38.13 ▼ 0.81% SQM-B 67,750 ▼ 1.95% COPEC 6,139 ▲ 1.98% BSANTANDER 79.00 ▲ 1.94% FALABELLA 5,905 ▲ 0.92% ENELAM 85.40 ▲ 1.47% CENCOSUD 2,045 ▼ 0.55% CMPC 1,109 ▲ 1.32% BANCO CHILE 188.88 ▲ 1.01% LATAM AIR 26.26 ▼ 0.53% YPF 74,450 ▼ 1.75% GGAL 8,350 ▲ 5.96% PAMPA 5,185 ▼ 0.38% TXAR 671.00 ▲ 0.98% ALUAR 978.00 ▲ 0.98% TGS 9,610 ▲ 3.22% CEPU 2,405 ▲ 3.89% MIRGOR 17,375 ▲ 1.02% COME 45.90 ▲ 1.06% LOMA NEGRA 3,583 ▲ 2.43% BYMA 314.00 ▲ 1.37% TELECOM ARG 4,248 ▲ 3.09% ECOPETROL 15.59 ▲ 1.27% BANCOLOMBIA 82.95 ▲ 2.50% GRUPO AVAL 5.08 ▲ 1.20% CREDICORP 400.81 ▲ 2.27% SOUTHERN COPPER 175.83 ▲ 0.80% BUENAVENTURA 30.00 ▲ 1.52% MERCADOLIBRE 1,852 ▲ 2.46% NUBANK 13.76 ▲ 0.66% XP 16.92 ▲ 3.11% PAGSEGURO 9.25 ▲ 2.78% STONE 11.21 ▲ 2.28% GLOBANT 29.96 ▼ 4.25% TECNOGLASS 43.90 ▲ 1.76% GAP AIRPORT 235.64 ▲ 0.50% ASUR 285.12 ▲ 0.53% OMA AIRPORT 108.09 ▼ 0.22% AMX ADR 26.04 ▲ 0.77% FEMSA ADR 127.70 ▲ 0.55% CEMEX ADR 12.48 ▲ 0.89% PETROBRAS ADR 17.32 ▲ 1.70% VALE ADR 14.46 ▲ 1.69% ITAU ADR 8.62 ▲ 4.11% SANTANDER BR 5.39 ▲ 4.86% AMBEV ADR 3.07 ▲ 0.99% CSN 1.01 ▲ 5.79% GERDAU 4.50 ▲ 2.04% LATAM ADR 56.45 ▼ 1.03% BTC 62,789 ▼ 1.52% ETH 1,777 ▼ 1.59% SOL 76.45 ▼ 0.55% XRP 1.08 ▼ 0.82% BNB 568.40 ▼ 0.97% ADA 0.16 ▼ 1.15% DOGE 0.07 ▼ 0.62% AVAX 6.50 ▲ 1.53% LINK 7.94 ▼ 0.66% DOT 0.83 ▼ 1.45% LTC 43.79 ▼ 0.41% BCH 236.71 ▼ 1.36% TRX 0.33 ▼ 0.47% XLM 0.18 ▼ 1.76% HBAR 0.07 ▼ 0.23% NEAR 1.89 ▲ 0.23% ATOM 1.54 ▼ 1.47% AAVE 94.22 ▼ 2.93% SELIC 14.25% EMBRAER 84.60 ▲ 0.88% EMBRAER ADR 66.01 ▲ 0.72% JBS 11.91 ▲ 1.53% JBS BDR 60.78 ▲ 1.22% MBRF3 15.55 ▲ 0.91% MBRFY 2.97 ▼ 1.00% INTER 5.82 ▲ 1.93% EGX 52,256 ▲ 0.44% USD/ZAR 16.38 ▲ 0.20% USD/NGN 1,376 — 0.00% NIKKEI 67,104 ▼ 2.12% CSI300 4,690 ▼ 1.90% HSI 24,115 ▼ 0.25% NIFTY 24,142 ▼ 0.27% KOSPI 6,832 ▼ 8.62% JCI 5,931 ▲ 0.11% USD/JPY 162.27 ▲ 0.37% USD/CNY 6.7841 ▲ 0.26% DAX 25,067 ▼ 0.20% CAC 8,339 ▲ 0.15% FTSE 10,497 ▲ 0.24% MIB 52,614 ▲ 0.44% IBEX 19,385 ▲ 0.32% STOXX 641.10 ▲ 0.04% EUR/USD 1.1406 ▼ 0.11% GBP/USD 1.3388 ▼ 0.07% SPX 7,575 ▲ 0.42% DJI 52,637 ▲ 0.29% NDX 29,825 ▲ 0.33% RUT 2,978 ▼ 0.49% TSX 35,305 ▲ 0.30% VIX 15.03 ▼ 5.11% USD/CAD 1.4159 ▲ 0.05% US10Y 4.5690 ▲ 0.66%
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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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