BNDES notifies ethanol plant with partner fined for planting on Indigenous land
Miguel Vaz Ribeiro was fined R$ 2.9 million by the Brazilian Environmental Agency for illegally planting corn on the Batelão Indigenous Land in Mato Grosso, the country’s main grain-producing state. Ribeiro is a supplier and one of the partners of FS, a mill financed by the Brazilian Climate Fund and one of the largest corn-ethanol producers in Brazil
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