• Latest
  • Trending
  • All
COP15: Canadian Mining Corp Belo Sun Stock Takes Major Hit Before Finance Day at U.N. Biodiversity Summit

COP15: Canadian Mining Corp Belo Sun Stock Takes Major Hit Before Finance Day at U.N. Biodiversity Summit

December 15, 2022
Pakistan to participate in regionally observed ‘Butterfly Month’, walks planned in different cities

Pakistan to participate in regionally observed ‘Butterfly Month’, walks planned in different cities

September 19, 2023
Workshop on Responsible Reporting of Gender-Based Violence Concludes in Karachi

Workshop on Responsible Reporting of Gender-Based Violence Concludes in Karachi

September 19, 2023
RCCI chief wooes Turkish businessmen to take benefit of Pakistan’s conducive investment environment

RCCI chief wooes Turkish businessmen to take benefit of Pakistan’s conducive investment environment

August 17, 2023
Khyber Pakhtunkhwa Takes Bold Steps to Address Climate Change Challenges

Khyber Pakhtunkhwa Takes Bold Steps to Address Climate Change Challenges

July 31, 2023
Khyber Pakhtunkhwa Establishes Pioneering Climate Change Cell in Planning and Development KP

Khyber Pakhtunkhwa Establishes Pioneering Climate Change Cell in Planning and Development KP

July 21, 2023
Female Journalist’s Departure Highlights Challenges Faced by Women in Khyber Pakhtunkhwa’s Media Industry

Female Journalist’s Departure Highlights Challenges Faced by Women in Khyber Pakhtunkhwa’s Media Industry

July 11, 2023
Roundtable: After COP27, what’s the path to climate resilience for Pakistan?

Climate Change Ravages Khyber Pakhtunkhwa: Impacts and Urgent Calls for Action

July 5, 2023
Rising Heat Waves in Khyber Pakhtunkhwa Raise Health Concerns, Say Experts

Rising Heat Waves in Khyber Pakhtunkhwa Raise Health Concerns, Say Experts

June 22, 2023
Majority of female graduates abandon careers due to societal challenges in KP

Majority of female graduates abandon careers due to societal challenges in KP

June 20, 2023
Pakistan’s trans community battles climate catastrophe and exclusion

Pakistan’s trans community battles climate catastrophe and exclusion

May 18, 2023
36 million tons food waste every year, 43% population remains food insecure in Pakistan

36 million tons food waste every year, 43% population remains food insecure in Pakistan

May 18, 2023
WHY IS K-P’S MATERNAL MORTALITY RATE SO HIGH?

WHY IS K-P’S MATERNAL MORTALITY RATE SO HIGH?

April 18, 2023
  • About Us
  • Advertisment
  • Contact
  • Privacy Policy
Friday, September 22, 2023
  • Login
E-news
  • PAKISTAN
    • KHYBER-PAKHTUNKHWA
    • PUNJAB
    • SINDH
    • BALOCHISTAN
    • GLIGIT-BALTISTAN
  • CLIMATE
  • POLLUTION
    • AIR-POLLUTION
    • WATER-POLLUTION
  • WILDLIFE
  • ECOSYSTEM
  • INTERNATIONAL
  • URDU
No Result
View All Result
  • PAKISTAN
    • KHYBER-PAKHTUNKHWA
    • PUNJAB
    • SINDH
    • BALOCHISTAN
    • GLIGIT-BALTISTAN
  • CLIMATE
  • POLLUTION
    • AIR-POLLUTION
    • WATER-POLLUTION
  • WILDLIFE
  • ECOSYSTEM
  • INTERNATIONAL
  • URDU
No Result
View All Result
E-news
No Result
View All Result
Home INTERNATIONAL

COP15: Canadian Mining Corp Belo Sun Stock Takes Major Hit Before Finance Day at U.N. Biodiversity Summit

Canadian mining company Belo Sun has once again demonstrated the perils of investing in the destruction of the Amazon

by admin
December 15, 2022
in INTERNATIONAL
0
COP15: Canadian Mining Corp Belo Sun Stock Takes Major Hit Before Finance Day at U.N. Biodiversity Summit
497
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Our Correspondent 

MONTREAL, CANADA: As the United Nations’ 15th summit on biodiversity in Montreal, Québec enters its last week of negotiations for global targets, Canadian mining company Belo Sun has once again demonstrated the perils of investing in the destruction of the Amazon, as its share prices have dropped precipitously following protests and advocacy from activists and Indigenous leaders at the summit. Belo Sun’s stock price has fallen over 50% since the release of the risk alert and reporting on Indigenous opposition, and currently sits at under USD$0.08 per share.

 

Canadian mining company Belo Sun is planning its Volta Grande Project (VGP), a proposed massively destructive open-pit gold mine, on the banks of the Xingu river in the Volta Grande region of the Brazilian Amazon. If completed, the project would be the largest open-pit gold mine in Brazilian history with irreversible impacts for amazonian biodiversity. It would pose immense threats to the region’s fragile ecosystem as well as the Indigenous and traditional peoples who live in the area.

 

On December 9th, Amazon Watch, together with Brazilian Indigenous leaders, released The Risks of Investing in Belo Sun, a risk assessment demonstrating the severe risks Belo Sun poses to the environment, people, and its own investors.

 

Brazil Campaign Advisor Gabriela Sarmet of Amazon Watch issued the following statement:

 

“Belo Sun’s steep drop in value is yet another demonstration of what we already know: this company is an enormous investment risk, and it’s nothing but a ‘spending machine.’ Belo Sun’s suspended environmental license, repeated violations of Indigenous rights, and severe threats to biodiversity and ecosystem health in the Amazon paint a clear picture: the market clearly shows that any company or financial institution foolish enough to invest in or acquire Belo Sun would risk its entire investment.”

admin

See author's posts

Tags: COP15UNBiodiversity
Share199Tweet124Share50
admin

admin

Pakistan to participate in regionally observed ‘Butterfly Month’, walks planned in different cities

Pakistan to participate in regionally observed ‘Butterfly Month’, walks planned in different cities

September 19, 2023
Workshop on Responsible Reporting of Gender-Based Violence Concludes in Karachi

Workshop on Responsible Reporting of Gender-Based Violence Concludes in Karachi

September 19, 2023
RCCI chief wooes Turkish businessmen to take benefit of Pakistan’s conducive investment environment

RCCI chief wooes Turkish businessmen to take benefit of Pakistan’s conducive investment environment

August 17, 2023
Khyber Pakhtunkhwa Takes Bold Steps to Address Climate Change Challenges

Khyber Pakhtunkhwa Takes Bold Steps to Address Climate Change Challenges

July 31, 2023
Khyber Pakhtunkhwa Establishes Pioneering Climate Change Cell in Planning and Development KP

Khyber Pakhtunkhwa Establishes Pioneering Climate Change Cell in Planning and Development KP

July 21, 2023
Female Journalist’s Departure Highlights Challenges Faced by Women in Khyber Pakhtunkhwa’s Media Industry

Female Journalist’s Departure Highlights Challenges Faced by Women in Khyber Pakhtunkhwa’s Media Industry

July 11, 2023
Pakistan to participate in regionally observed ‘Butterfly Month’, walks planned in different cities
HOME

Pakistan to participate in regionally observed ‘Butterfly Month’, walks planned in different cities

September 19, 2023
Workshop on Responsible Reporting of Gender-Based Violence Concludes in Karachi
HOME

Workshop on Responsible Reporting of Gender-Based Violence Concludes in Karachi

September 19, 2023
RCCI chief wooes Turkish businessmen to take benefit of Pakistan’s conducive investment environment
HOME

RCCI chief wooes Turkish businessmen to take benefit of Pakistan’s conducive investment environment

August 17, 2023
Khyber Pakhtunkhwa Takes Bold Steps to Address Climate Change Challenges
CLIMATE

Khyber Pakhtunkhwa Takes Bold Steps to Address Climate Change Challenges

July 31, 2023
E-news

Browse by category

  • About Us
  • Advertisment
  • Contact
  • Privacy Policy

Copyright © 2017 E-news.

No Result
View All Result
  • PAKISTAN
    • KHYBER-PAKHTUNKHWA
    • PUNJAB
    • SINDH
    • BALOCHISTAN
    • GLIGIT-BALTISTAN
  • CLIMATE
  • POLLUTION
    • AIR-POLLUTION
    • WATER-POLLUTION
  • WILDLIFE
  • ECOSYSTEM
  • INTERNATIONAL
  • URDU

Copyright © 2017 E-news.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In