Wall Street Must Stop Financing the Destruction of the Amazon | Opinion
Indigenous communities in Brazil, led by Alessandra Korap Munduruku, successfully pressured the government to revoke a decree that would have privatized the Tapajós River for agribusiness expansion. The article highlights the growing coordinated effort to expand soy production in the Amazon through infrastructure projects and weakened environmental protections. It calls on global financial institutions to stop financing deforestation and to uphold the Amazon Soy Moratorium's core principles.
- ▪Indigenous peoples occupied the Cargill grain terminal in Santarém, Brazil, leading to the revocation of a government decree that would have privatized the Tapajós River.
- ▪The Amazon Soy Moratorium, which restricts soy cultivation on recently deforested land, is being weakened despite its role in reducing deforestation.
- ▪Financial institutions are accused of enabling deforestation by funding infrastructure projects like the Ferrogrão railway and port expansions in the Amazon.
- ▪Soy expansion brings environmental degradation, land grabbing, contamination, and violence to Indigenous communities.
- ▪The destruction of the Amazon is tied to global markets, with soy exported through ports like Santarém and financed by international banks.
Opening excerpt (first ~120 words) tap to expand
By Alessandra Korap MundurukuShareNewsweek is a Trust Project memberSee more of our trusted coverage when you search.Prefer Newsweek on Googleto see more of our trusted coverage when you search.The Tapajós River is not a route for ships. It is where we live. It is where we fish, where our children grow, where our ancestors remain. But today, it is being treated as a corridor to export soy to the world.In February, we occupied the Cargill grain terminal in Santarém, Brazil. For weeks, Indigenous peoples from across the region stood together under the sun and the rain, blocking trucks and refusing to leave.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Newsweek.
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