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Mining Companies, Foreign Investors Driving Destruction of Amazon, Violation of Indigenous Rights

HeadlineFeb 23, 2022

Rights groups in Brazil say British, Canadian, U.S., Brazilian and Peruvian mining companies are planning to expand operations in the Brazilian Amazon. A new report from Amazon Watch and the Association of Brazil’s Indigenous Peoples says international investors have poured $54 billion into eight large mining companies, and specifically calls out U.S.-based investors BlackRock, Vanguard and Capital Group, who have provided almost $15 billion in financing for mining companies with a history of Indigenous rights violations and toxic pollution. The report also identified thousands of pending mining permits that would intensify deforestation on a combined area of Indigenous lands as large as the size of England, if approved by Brazil’s mining agency.

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