- Brazil’s government this week announced a major shift away from its policy of building mega-dams in the Brazilian Amazon – a strategy born during the country’s military dictatorship (1964-1985) and vigorously carried forward down to the present day.
- The Temer government claims the decision is a response to intense resistance from environmentalists and indigenous groups, but while that may be part of the reason, experts see other causes as well.
- The decline in political influence of Brazil’s gigantic construction companies caused by the Lava Jato (Car Wash) corruption investigation is likely a major cause of the change in policy. So is the current depressed state of Brazil’s economy, which makes it unlikely that Brazil’s huge development bank (BNDES) will invest in such multi-billion dollar projects.
- While environmentalists and indigenous groups will likely celebrate the shift away from the mega-dam policy, experts warn…
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