Pressure from the private sector has made the federal government change its approach to the environmental issue, says Suzano’s president, Walter Schalka. “The numbers are clear: deforestation has increased in 2019 and 2020 and we need to go back to pre-2012 levels. This will generate credibility to Brazil and a high volume of investments”. In the Schalka’s perspective, carbon credits could bring $10 billion every year to the economy.
Source: Portal do Agronegocio
Day: August 27, 2020
BYD invests $2.7 mm and sets up battery plant in Manaus
BYD announced the beginning of operations of its iron-lithium phosphate battery plant, located in the Manaus Industrial Complex (PIM), in Amazonas. The plant has a production capacity of up to 1,000 batteries per year. The initial quantity of 272 units are projected to be delivered by November. The Company has invested R$15 million ($2.7 mm) in the new plant, which will initially serve the assembly of electric buses.
Source: Energia Hoje
Marfrig launches “carbon neutral” beef line
Meat processor, Marfrig, has started selling a new line of beef products obtained from animals originating from sustainable properties. The new line of carbon neutral beef, to be marketed under the Viva brand, will initially be distributed only in Brazil. The initiative was developed in partnership with the Brazilian Agricultural Research Corporation (Embrapa), the company said. About $1.8 million was invested into launching the Viva brand, including research, property certification and brand construction.
Source: R7
MPF requests $4.7 bn of Vale blockade for losses with Brumadinho
The government of Minas Gerais, the Public Prosecutor’s Office and the Federal Attorney General’s Office (MPF), have petitioned the courts to block up to R$26.68 billion ($4.7 bn) in Vale’s accounts for socioeconomic damages caused by the deadly rupture of a company dam in Brumadinho in 2019.
Source: Exame
Bradesco, Itaú Unibanco and Santander launch the Amazon advisory board
The three major private banks in Brazil, Itaú Unibanco, Bradesco and Santander announced the establishment of the Amazon advisory board and have already selected its seven members. According to a statement, sustainability experts from the three financial institutions have already formed a working group, which has met regularly to propose concrete initiatives and actions for the Amazon region.
Source: UOL Economia
