Jose Carlos Arara puts a tarnished 38-caliber revolver into his waistband. It’s a sweltering, mid- November morning in the Brazilian Amazon rain forest, and the 31-year-old Indian chief walks through the jungle to check on his tribe’s yuca crop.
A Brazilian judge ordered a halt to construction of the $11 billion Belo Monte hydroelectric dam in the country’s rainforest and prohibited the state development bank from financing the project, a federal court said yesterday.
Brazilian federal prosecutors recommend the country’s environmental agency, known as Ibama, reject a license request to build the Belo Monte dam project in Brazil’s Amazon, according to a statement dated yesterday.
Cia. Energetica de Minas Gerais, a Brazilian state-controlled electricity utility, fell the most in more than a week on concern it plans to buy a stake in the Belo Monte dam being constructed in Brazil’s Para state.
Brazil´s federal court on Friday ordered construction suspended at the Belo Monte hydroelectric dam in the country’s rainforest and also prohibited Banco Nacional de Desenvolvimento Economico e Social (BNDES), the state development bank, from transferring money to Norte Energia SA to finance the project, the G1 website reported , citing prosecutors.