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

USD -
AED 3.673104
AFN 64.000368
ALL 80.950403
AMD 369.010403
ANG 1.789884
AOA 918.000367
ARS 1398.655759
AUD 1.37874
AWG 1.8025
AZN 1.70397
BAM 1.662466
BBD 2.013854
BDT 122.689218
BGN 1.668102
BHD 0.377404
BIF 2975
BMD 1
BND 1.267973
BOB 6.9098
BRL 4.915095
BSD 0.999873
BTN 94.420977
BWP 13.425192
BYN 2.825886
BYR 19600
BZD 2.010964
CAD 1.36705
CDF 2265.000362
CHF 0.776767
CLF 0.022646
CLP 891.290396
CNY 6.80075
CNH 6.796265
COP 3750.48
CRC 459.648974
CUC 1
CUP 26.5
CVE 94.050394
CZK 20.636704
DJF 177.720393
DKK 6.340404
DOP 59.350393
DZD 132.14904
EGP 52.744691
ERN 15
ETB 157.303874
EUR 0.84804
FJD 2.182504
FKP 0.734821
GBP 0.73346
GEL 2.67504
GGP 0.734821
GHS 11.29039
GIP 0.734821
GMD 73.503851
GNF 8780.000355
GTQ 7.634866
GYD 209.223551
HKD 7.83175
HNL 26.620388
HRK 6.393304
HTG 130.919848
HUF 300.190388
IDR 17377.45
ILS 2.901304
IMP 0.734821
INR 94.44155
IQD 1310
IRR 1311500.000352
ISK 122.010386
JEP 0.734821
JMD 157.601928
JOD 0.70904
JPY 156.66204
KES 129.180385
KGS 87.420504
KHR 4010.00035
KMF 418.00035
KPW 899.950939
KRW 1461.920383
KWD 0.30766
KYD 0.833358
KZT 462.122307
LAK 21955.000349
LBP 89550.000349
LKR 321.915771
LRD 183.503772
LSL 16.405102
LTL 2.95274
LVL 0.60489
LYD 6.322723
MAD 9.144703
MDL 17.099822
MGA 4165.000347
MKD 52.319561
MMK 2099.606786
MNT 3578.902576
MOP 8.06268
MRU 39.968719
MUR 46.820378
MVR 15.455039
MWK 1733.612706
MXN 17.177604
MYR 3.921039
MZN 63.903729
NAD 16.405102
NGN 1359.570377
NIO 36.715039
NOK 9.208804
NPR 151.087386
NZD 1.675884
OMR 0.384942
PAB 0.999962
PEN 3.434504
PGK 4.350375
PHP 60.515038
PKR 278.650374
PLN 3.59545
PYG 6107.687731
QAR 3.640374
RON 4.426304
RSD 99.473038
RUB 74.240007
RWF 1460.5
SAR 3.782036
SBD 8.019432
SCR 13.958442
SDG 600.503676
SEK 9.215704
SGD 1.267304
SHP 0.746601
SLE 24.650371
SLL 20969.496166
SOS 571.503662
SRD 37.399038
STD 20697.981008
STN 21.15
SVC 8.749309
SYP 110.543945
SZL 16.370369
THB 32.220369
TJS 9.329718
TMT 3.5
TND 2.866038
TOP 2.40776
TRY 45.349038
TTD 6.776593
TWD 31.316038
TZS 2598.394038
UAH 43.92104
UGX 3746.547108
UYU 39.879308
UZS 12135.000334
VES 499.23597
VND 26308
VUV 118.026144
WST 2.704092
XAF 557.575577
XAG 0.012439
XAU 0.000212
XCD 2.70255
XCG 1.802048
XDR 0.695511
XOF 557.503593
XPF 101.625037
YER 238.625037
ZAR 16.380704
ZMK 9001.203584
ZMW 19.037864
ZWL 321.999592
  • RBGPF

    0.0000

    63.18

    0%

  • CMSC

    0.1400

    23.11

    +0.61%

  • BTI

    0.2000

    58.28

    +0.34%

  • NGG

    0.9800

    86.89

    +1.13%

  • BCC

    -2.0900

    70.67

    -2.96%

  • GSK

    -0.0900

    50.41

    -0.18%

  • RELX

    0.0759

    33.58

    +0.23%

  • RIO

    2.2700

    105.38

    +2.15%

  • CMSD

    0.1140

    23.534

    +0.48%

  • BCE

    -0.4300

    24.14

    -1.78%

  • RYCEF

    -1.0800

    16.37

    -6.6%

  • JRI

    0.0000

    13.15

    0%

  • VOD

    0.5100

    16.2

    +3.15%

  • BP

    -0.4700

    43.34

    -1.08%

  • AZN

    0.3300

    182.85

    +0.18%

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