💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Brazil’s Bolsonaro Fires Back at Amazon Deforestation Data

Published 08/01/2019, 04:00 PM
Updated 08/01/2019, 04:26 PM
© Reuters.  Brazil’s Bolsonaro Fires Back at Amazon Deforestation Data
AMZN
-

(Bloomberg) -- Brazil’s President Jair Bolsonaro criticized data showing increased deforestation in the Amazon (NASDAQ:AMZN) region in June, saying that the “false” numbers damage both his own image and that of his country.

In a press conference alongside his environment and foreign affairs ministers, Bolsonaro said that the “sensationalist” figures showing an 88% expansion in Amazon deforestation between June 2018 and June 2019 jeopardized Brazil’s foreign relations. The president blamed the numbers on a biased political operatives and threaten to fire anyone who had been found to manipulate the data to make his administration look bad.

“We suffer all kinds of attacks, and Brazil’s image, and my personal image, is terrible abroad due to the labels placed on me,” Bolsonaro said. “These labels have to be dismissed step by step by using the truth. Everything regarding the environment has a huge foreign repercussion.”

Environment Minister Ricardo Salles presented technical explanations to dismiss the deforestation data. He said that the June numbers had included some data from previous months and that some areas had been counted twice.

Salles added that Brazil would update its technological tools to account for deforestation and conceded that the country needs to improve oversight to preserve the Amazon. He also said he is seeking to incorporate the people living in the rain forest into the economy, allowing for both its exploration and its preservation.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.