Both ENDS
By Carolina de Moura
Six years ago, Brumadinho tailings dam I, from the Paraopeba Complex, owned by mining company Vale, collapsed. January 25th, 2019, forever changed the lives of thousands. The scars remain open, and the quest for justice, remembrance, and prevention of future mining crimes endures despite all adversities. This was manslaughter coupled with socio-environmental devastation of proportions difficult to measure. These are irreparable losses and damages that could have been avoided if it wasn’t for the greed, negligence, and irresponsibility of decision-makers at Vale, the German certification firm Tüv Süd, and the state of Minas Gerais.
Fabio Schvartsman and Gerd Peter Poppinga attended a Securities and Exchange Commission (CVM) trial session, last Tuesday, October 1st. Poppinga was convicted by one of the CMV directors, but the second CMV director requested more time to review the case files, postponing the judgment by 60 days. Victims’ families and supporters will have to keep waiting for justice regarding one of Brazil’s worst human and environmental disasters.
As shareholders in Brazilian mining giant Vale S.A prepare to gather online for the company’s Annual General Meeting (AGM), communities from Brazil to Indonesia criticize the company’s track record on human rights and environmental stewardship. They also point to the almost $50 billion in mounting lawsuits against the company as a risk factor that should serve as a warning sign to investors.
To address the climate crisis we need to urgently transition away from fossil fuels towards clean, renewable energy. However, this transition is not only about changing energy sources. It requires an inclusive and fair process that tackles systemic inequalities and demanding consumption patterns, prioritizes environmental and social justice, and which does not repeat mistakes from the past.
The Hague/San Francisco, Dec 12, 2024 - The updated version of the Financial Exclusions Tracker is released today: financialexclusionstracker.org. The website tracks which companies are being excluded by institutional investors, pension funds and banks due to human rights, public health and sustainability issues. The most common reasons for exclusion are links to fossil fuels, weapons or tobacco.
The Financial Exclusions Tracker is an initiative from an international coalition of NGOs striving for more transparency and information disclosure.
On November 12th, a new ruling will be issued by the Court of Appeal in The Hague in the climate case against Shell, in which Both ENDS is a co-plaintiff. Ahead of this ruling, we asked our partners why this Dutch lawsuit is important for the Global South.
January 25th, 2024 is the solemn 5-year mark of the Brumadinho upstream mining dam collapse, Brazil’s worst environmental and industrial disaster that killed 272 innocent people and unleashed 12 million cubic metres of ore tailing into the surrounding areas including the Paraopeba River – a crucial tributary of the second largest river in the country.
272 innocent people were killed. A tsunami of toxic mud unleashed, some 12 million cubic metres of ore tailing into the surrounding areas. January 25th, 2024 is the solemn 5-year mark of the Brumadinho upstream mining dam collapse. This was Brazil’s worst environmental and industrial disaster.