BRAZIL ANNOUNCES NEW OIL EXPLORATION IN AMAZON

This week Brazil announced it is seeking approval to explore for new oil and gas reserves near the Jurua River in the Amazonian state of Acre. The government will set aside US$35.5 million for the National Petroleum Agency (ANP) to begin exploration, while the Acre State Industrial Federation has promised to raise US$15 million. Officials… Read More BRAZIL ANNOUNCES NEW OIL EXPLORATION IN AMAZON

BRAZIL PROPOSES FREE TRADE AGREEMENT WITH INDIA AND SOUTH AFRICA

Brazilian President Luiz Inácio Lula da Silva proposed the creation of a trilateral free trade agreement (FTA) between India, South Africa, and the nations of Mercosur at a reunion in Pretoria, South Africa on Wednesday Oct.17th. The proposed treaty would create the world’s largest free trade area and has been billed as a way to… Read More BRAZIL PROPOSES FREE TRADE AGREEMENT WITH INDIA AND SOUTH AFRICA

SCIENTISTS WORRY ABOUT THE HUMAN AND ENVIRONMENTAL COST OF INTEGRATION

The environmental cost of increased infrastructure integration in South America was the topic of debate at the First Latin American Congress of National Parks and Other Protected Areas this week in Bariloche, Argentina. Scientists from around the world met to discuss the effects of the proposed Initiative for the Integration of the Regional Infrastructure of… Read More SCIENTISTS WORRY ABOUT THE HUMAN AND ENVIRONMENTAL COST OF INTEGRATION

South America Announces New Banco del Sur

Brazil and Ecuador gave a combined press conference today announcing their intentions of joining the Banco del Sur, a new regional financial institution created by Venezuelan President Hugo Chavez on Feb. 21, 2007 to replace institutions like the IMF and World Bank. The announcements come one week before a Brazilian sponsored summit in Rio de… Read More South America Announces New Banco del Sur

UNASUR MAKING VERY SMALL WAVES

On Oct.4 Brazil’s Foreign Minister Celso Amorim arrived in Ecuador to discuss potential areas of mutual interest with President Rafael Correa. The visit followed last Sunday’s national assembly elections that gave President Correa sweeping powers move forward his new socialist platform designed to reduce economic inequality and exploitation in Ecuador. The visit was also a… Read More UNASUR MAKING VERY SMALL WAVES