The Belo Monte dam project is widely believed to be a national project owned, constructed and financed by Brazilian consortia. This analysis shows however, that roughly 10 % are indirectly owned by foreign – including European – corporations. Given the dam’s tremendous environmental and human rights impacts, this case shows once more the lack of effective policies of these corporations to prevent their capital from getting involved in human rights abuses and environmental destruction. While the individual shares may be small, they point at the urgent need for implementing dam and human rights policies.
