Controversial Brazilian mega-dam receives investment of $1.4 billion

Posted by Washington Post: Juliet Eilperin on May 2nd, 2011
Mongabay: Controversial Brazilian mega-dam receives investment of $1.4 billion Brazil's most controversial mega-dam, Belo Monte, which is moving full steam ahead against massive opposition, has received an extra infusion of cash from Vale, a Brazilian-run mining company. Vale, which has projects around the world, announced it would buy 9% of Norte Energia S.A. (NESA), the company contracted to construct the massive dam. "The plan makes all sense from a strategic point of view, because we will be able......

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