The Fort Worth Press - Amazon tribes win lawsuit over carbon credits in Colombia

USD -
AED 3.673026
AFN 63.000366
ALL 80.15939
AMD 363.440085
ANG 1.790365
AOA 916.99972
ARS 1515.990901
AUD 1.420031
AWG 1.8
AZN 1.683254
BAM 1.712962
BBD 2.013821
BDT 122.932477
BGN 1.683441
BHD 0.37695
BIF 3000
BMD 1
BND 1.277595
BOB 10.867156
BRL 5.162599
BSD 0.99986
BTN 95.678145
BWP 13.595481
BYN 3.027431
BYR 19600
BZD 2.01093
CAD 1.409435
CDF 2310.000279
CHF 0.824015
CLF 0.024404
CLP 963.620227
CNY 6.711349
CNH 6.711075
COP 3292.13
CRC 453.685538
CUC 1
CUP 26.5
CVE 97.250035
CZK 21.44175
DJF 177.720446
DKK 6.563599
DOP 59.450034
DZD 133.903899
EGP 51.420199
ERN 15
ETB 163.319699
EUR 0.87798
FJD 2.237196
FKP 0.750528
GBP 0.754775
GEL 2.59503
GGP 0.750528
GHS 11.585003
GIP 0.750528
GMD 74.00031
GNF 8750.000302
GTQ 7.63211
GYD 209.186734
HKD 7.843395
HNL 26.837396
HRK 6.6152
HTG 130.683635
HUF 320.695497
IDR 17896
ILS 3.03393
IMP 0.750528
INR 95.84645
IQD 1309.814191
IRR 1374575.000286
ISK 121.160089
JEP 0.750528
JMD 157.538176
JOD 0.70903
JPY 158.193974
KES 129.439858
KGS 87.449797
KHR 4054.823313
KMF 430.000184
KPW 900.000318
KRW 1366.610269
KWD 0.309199
KYD 0.833209
KZT 444.620586
LAK 22404.007848
LBP 89537.860574
LKR 328.955608
LRD 172.465735
LSL 16.310417
LTL 2.95274
LVL 0.60489
LYD 6.383128
MAD 9.57123
MDL 17.695844
MGA 4393.217489
MKD 53.88149
MMK 2099.577364
MNT 3597.923561
MOP 8.077068
MRU 40.034859
MUR 47.879632
MVR 15.460192
MWK 1733.73447
MXN 17.48236
MYR 4.079899
MZN 63.910346
NAD 16.310274
NGN 1323.820162
NIO 36.793911
NOK 9.49116
NPR 153.084711
NZD 1.761825
OMR 0.384507
PAB 0.99986
PEN 3.375476
PGK 4.454546
PHP 62.84201
PKR 277.084952
PLN 3.84022
PYG 5925.912951
QAR 3.645178
RON 4.630977
RSD 103.134956
RUB 84.772762
RWF 1475.675439
SAR 3.756768
SBD 8.026013
SCR 13.866488
SDG 601.498687
SEK 9.915065
SGD 1.279779
SHP 0.74758
SLE 24.650091
SLL 20969.491881
SOS 571.398543
SRD 37.822504
STD 20697.981008
STN 21.4581
SVC 8.748774
SYP 13002.000254
SZL 16.306476
THB 33.395008
TJS 9.253737
TMT 3.5
TND 2.95341
TOP 2.40776
TRY 48.829803
TTD 6.795649
TWD 31.791102
TZS 2649.997977
UAH 44.878367
UGX 3889.609025
UYU 40.078651
UZS 11798.503182
VES 851.341302
VND 26010.5
VUV 118.348377
WST 2.752527
XAF 575.916998
XAG 0.015477
XAU 0.000233
XCD 2.70255
XCG 1.801955
XDR 0.707052
XOF 575.916998
XPF 104.452317
YER 236.549962
ZAR 16.35505
ZMK 9001.19823
ZMW 19.472654
ZWL 321.999592
SSP 5712.590503
MXV 1.981384
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

Amazon tribes win lawsuit over carbon credits in Colombia
Amazon tribes win lawsuit over carbon credits in Colombia / Photo: © AFP/File

Amazon tribes win lawsuit over carbon credits in Colombia

Colombia's Constitutional Court on Wednesday annulled a controversial carbon credit deal in the Amazon rainforest, which six local tribes said had been signed without their consent.

Text size:

Indigenous communities living in the remote area of Pira Parana had accused US-based Ruby Canyon Environmental and Colombian company Masbosques, which acted as an intermediary, of illegally foisting the deal on them.

Carbon credits are bought by corporations -- or countries under certain conditions -- from forest preservation or other projects to offset or "compensate" their greenhouse gas emissions.

This money is supposed to go to local communities that protect their home regions from deforestation.

In Pira Parana, the credits -- also known as green bonds -- were sold for about $3.8 million to a Colombian data processing firm called Latin Checkout.

According to EcoRegistry, which keeps tabs on carbon credit trading, Latin Checkout then sold the credits to US airline Delta which faces a lawsuit at home for alleged "greenwashing" by claiming to be carbon-neutral while purchasing questionable carbon offsets.

The deal, signed in March 2021, was for the Indigenous communities to preserve an area of 7,100 square kilometers (2,741 miles) -- close to the size of Puerto Rico.

But the tribes said the deal was signed with false representatives of their communities.

They went to court claiming violations of their rights to territorial autonomy and self-government.

On Monday, the court ordered the tribes' legitimate representatives to meet and decide within six months whether to authorize a new agreement.

If they do not, authorities must "ensure" the carbon credit project "is no longer carried out in the territory," the judges ruled.

The concept behind carbon credits has taken a major hit recently as scientific research has repeatedly shown claims of reduced emissions being hugely overestimated -- or even nonexistent.

In late 2023, AFP walked, motor-boated and overflew part of the Pira Parana territory, an area so remote it is accessible only by million-dollar private flights or a boat trip of at least six days from the nearest city of Mitu.

There, local leaders said they wished they had never heard of the deal.

While it brought an economic "bonanza," it also led to conflict in communities unaccustomed to handling large sums of money and a loss of Indigenous autonomy, they said.

The project "contaminates spiritually, physically, it destroys everything... in this territory, for money," Indigenous leader Fabio Valencia said at the time.

Some experts have said there was no real deforestation threat in the area and therefore no emissions "savings" to be made.

The Constitutional Court case was the first of its kind in Colombia.

T.Dixon--TFWP