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9 Nov 2021

Brazil: Report outlines how projects that violate indigenous and environmental rights in the Amazon are being made possible by international financial institutions

Amazon Waters

The report "Voices from Tapajós: Indigenous views on planned infrastructure projects", published by the Tapajós Arapiuns Indigenous Council (CITA), Pariri and the Society for Threatened Peoples (APA), reveals how three infrastructure projects in the Amazon are being made possible by international financial institutions.

The railway Ferrogrão, the Tapajós Hydroelectric Complex and the Tapajós Waterway, which aim to boost the transportation of goods in the region and are in the planning stage, would flood 780km2 of protected areas belonging to indigenous communities, besides requiring the alteration of the limits of the Jamanxim Natural Reserve.

The document presents a study of which companies have shown interest in the construction and execution of the referred projects, highlighting which financial institutions would be potential funders of the works.

So far, the main potential financiers are, according to the report: Citigroup (USA), Bank of America (USA), BNP Paribas (France), Santander (Spain) and Crédit Agricole (France). The affected indigenous communities are calling on these companies not to finance projects so damaging to their rights and the environment. The BHRRC has invited these companies to comment on the report. BNP Paribas and Santander responded. Citigroup, Crédit Agricole and Bank of America did not send comments.

Company Responses

Santander View Response
BNP Paribas View Response
Citigroup

No Response

Bank of America

No Response

Crédit Agricole

No Response

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