BNDES will sell R$ 38.8 billion in shares in 2020; Petrobras (PETR3; PETR4), JBS (JBSS3). and Copel (CPLE6) are among the shares that will be sold

BNDES has set an initial schedule for the next four equity offerings it will make in 2020, as part of its divestment program, according to the Valor Econômico newspaper. The plan is to sell JBS 'second tranche of shares, a relevant stake in Petrobras, Copel's and Tupy's, which, considering current values, represent sales of R$ 30.8 billion.

According to Valor, the idea of BNDES is to reduce its portfolio of about R$ 120 billion of investments and stakes, reaching the nearest zero in the next three years.

Champion municipalities of deforestation and burning in the Amazon are dominated by cattle and soy production; JBS, Bunge and Santander appointed as complicit in Amazon deforestation, study finds

According to the Jornal GGN website, seven of the ten most burned municipalities in Brazil in 2019 are also on the list of the most deforested. According to Paulo Moutinho, co-founder of the Amazon Environmental Research Institute (Ipam), "deforestation advances with the fire going forward". Therefore, the fire would be the second step towards cattle and soy production. First, the areas are deforested. Then they are burned. The following are the productions of cattle and soy.

An investigation led by the NGO Amazon Watch, in partnership with Brazilian and European organizations, points out that large companies such as JBS, Bunge, and Santander are appointed as accomplices of Amazon deforestation.

According to the newspaper Folha de S. Paulo, "while illegal deforestation, burning, and occupation of cattle land are often run by independent groups of large exporters, the profit that keeps the thriving cycle in the Amazon is backed by global consumer chains commodities, especially wood, meat, and soy."

According to Folha, "the study coordinated by Amazon Watch has investigated business relationships of 56 Ibama-certified companies over the past two years with brands consumed in Europe and the United States."

According to the newspaper, "among the dozens of multinationals found as buyers of companies that have committed recent infractions are the largest Brazilian refrigerators, such as the JBS group, and soy production giants, such as Bunge and Cargill."