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Vote for Vale as the world's worst multinational company

by PhilLee — last modified Jan 11, 2012 04:58 PM
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Our colleagues at Friends of the Earth Brazil urge you to vote for the construction company behind Brazil's Belo Monte Dam - currently displacing 40,000 people in the Amazon - to be crowned the worst corporation of the year.

vale public eye awards

Vale, the Brazilian mining company present in 38 countries and the largest iron-ore mining corporation in the world is one of six finalists for the Public Eye Award, which annually elects the worst company in the world by popular vote and announces the winner during the World Economic Forum in Davos, Switzerland.


Cast your vote now!


The company's entry in mid-2010 in the Northern Consortium Energia SA, responsible for building the  Belo Monte Dam on the Xingu River in Para, was considered by the organizers of the award the determining factor for their inclusion in the list of six finalists in the Public Eye this year.


Vale owns 9% stake in the consortium, which will be responsible for the forced displacement of about 40,000 people, directly and indirectly reaching 14 indigenous communities of the Middle Xingu, flooding and drying 668 square kilometers, and drying out 100 kilometers of the Big Bend River of the Xingu.


The other nominees for the award are, the banking giant Barclays, the US mining corporation Freeport, South Korean electronics giant Samsung, the world’s largest agrochemical producer Syngenta and the Japanese energy company Tepco. 

Cast your vote now!

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