The Mundukuru indigenous community in the Brazilian Amazon state of Para decided to cancel a contract that would have allowed the Irish company “Celestial Green Ventures” to sell carbon credits from forests in their territory. The agreement was signed earlier this year giving the Irish company the right over the carbon in forests inside the indigenous territory.
“We are going to cancel the deal. Many in the tribe didn’t want it, so to avoid problems we decided to stop it,” said Candido Waru, leader of a local association of the Munduruku people.
This agreement was being investigated by the Federal Prosecution Service in Brazil, which estimates that about 30 of this type of agreement already have been signed in the country. http://www.pointcarbon.com/news/1.2049556
