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Critics decry controversial bill that loosens deforestation restrictions in Peru

A new amendment to Peru’s forest and wildlife law is being criticized by opponents as unconstitutional and a step backward in forest protection after it came into effect Jan. 10 following approval by Congress. The revised law (Law 29763) legalizes agricultural activities without the need for certain environmental evaluations or technical studies on private properties […] ....

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Mongabay reporter sued in what appears to be a pattern of legal intimidation by Peruvian cacao company

In November 2020, Peruvian cacao company Tamshi filed a lawsuit against Mongabay Latam staff reporter Yvette Sierra Praeli for “aggravated defamation” over her reporting of a government investigation into the firm’s activities in the Peruvian Amazon. While the case was formally dismissed by a Peruvian court last month, it wasn’t the first time that Tamshi […] ....

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Banks increased deforestation-linked investments by $8B during Covid-19: report

Banks increased deforestation-linked investments by $8B during Covid-19: report
by Mongabay.com on 15 June 2021
A new analysis of financial data by Forests & Finance, a coalition of NGOs, has found that weak policies and continued major investments in forest-risk sectors are driving deforestation in Southeast Asia, Latin America and West and Central Africa.
The group compared the environmental commitments of the world’s 50 top financial institutions against their investments, lending and guarantees to more than 200 companies operating in deforestation-linked industries such as palm oil and beef.
The group found an increase of more than $8 billion of investments in deforestation-linked companies compared to the previous year. ....

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Science refutes United Cacao's claim it didn't deforest Peruvian Amazon

Science refutes United Cacao’s claim it didn’t deforest Peruvian Amazon
Years of satellite imagery and analysis reveals that United Cacao, a company once publicly traded on the London Stock Exchange, deforested nearly 2,000 hectares (about 5,000 acres) of primary forest in the Peruvian Amazon.
The evidence refutes the company’s narrative that farmers had degraded the land before it arrived.
The deforestation, as well as other legal violations, have led to sanctions against a successor to United Cacao’s Peruvian subsidiary, now called Tamshi SAC.
But Tamshi is now claiming that Mongabay Latam improperly used the term “deforestation” and has sued for defamation. ....

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