From Wall Street to the Amazon: Big capital funds mining-driven deforestation
| Mongabay Series: Indigenous Peoples and Conservation, Land rights and extractives |
| by Jenny Gonzales on 22 February 2022 |
Major U.S. and Brazilian financial institutions continue to underwrite the destruction of the Amazon by financing mining companies pushing to operate in Indigenous territories, a new report says.
The 20 institutional investors plowed a combined $54.1 billion into nine mining conglomerates — including giants Vale, Anglo American, Belo Sun, AngloGold Ashanti and Rio Tinto — between 2016 and October 2021, according to the report.
The mining companies, which include Vale, Anglo American and Rio Tinto, have records of environmental destruction and human rights violations in Brazil and elsewhere, and several already operate close to Indigenous lands in Brazil, polluting rivers and harming the health of native communities.
Vale dam disaster: $7bn compensation for disaster victims
'He never came back'
"My husband left home for work in the morning, said 'God be with you', as he always did," Sirley Gonçalves told the BBC a few days after the accident.
Communities hit by a dam disaster in Brazil two years ago which killed 270 people will get a $7bn (£5bn) payout.
The muddy sludge buried the dam's cafeteria where hundreds of workers were eating
It’s everywhere: in the rain, snow, our food, our waters, even in the human placenta! Mercury is poisoning life on Earth.
ARE YOU AWARE Artisanal miners' gold ore processing produces 20% of the world's supply of gold used in our jewellery, iPad’s, iPhone, computers, and other electronics devices and is the world's largest anthropogenic source of deadly mercury pollution overtaking coal fired plants mercury emissions in 2017?
Artisanal miners' ore processing uses mercury, a deadly neurotoxin and precursor to an even deadlier neurotoxin Methylmercury @ 100 times more potent than elemental mercury to extract liberated gold from crushed or milled ore by forming an amalgam which is vaporized releasing 2,000 tonnes of mercury to our atmosphere annually leaving the gold.
Mercury pollution is documented in 2021 by Oxford University earth scientists to stay airborne up to one year then precipitates back to Earth in the form of rain and snow.
The morbid irony lies in the fact the same vaporized mercury is polluting the air we all breathe, contaminating our drinking water, polluting the Oceans we swim, poisoning the fish we consume especially tuna where mercury bioaccumulates the most causing health issues, and global biodiversity destruction.
But finally there's hope!
👉 Alchemy Mining Group, Inc.
“An innovation provider with an initiative to eliminate the use of mercury in Artisanal gold ore processing”
Bruce A. Cosgrove, M.Sc., (Solution Chemistry) President/C.E.O
Visit our Corporate site to see what we’re doing about artisanal miners’ ore processing and how to profit proudly during our Token To Gold exchange program owning sustainably reclaimed tailings gold, a globally wasted commodity to be artisanally crafted into one-ounce (95% 22k) coins or ingots.
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