Brazil plans to ‘nationalise’ rainforest in pioneering plan to protect Amazon

Brazil Portal

Donna Bowater – The Independent, 5/10/2015

The Brazilian rainforest could be effectively nationalised under a draft bill being considered by the country’s MPs.

The proposed legislation would recognise the sovereignty of Brazil over the Amazon’s natural resources and set up a national Amazonian policy council with the aim of enshrining environmental protection and regulating economic activities in the rainforest.

Should the law be passed, companies wanting to operate in the area would require approval from the new state entity in return for shares of the proceeds – in a similar way to that which oil exploration concessions are granted through state-controlled company Petrobras in return for royalties.

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