After the 2008 economic crisis, Harvard University, one of the most respected educational institutions in the world, sought to reallocate its endowment funds to safer assets. It invested more than $1 billion in land in Brazil, Africa, Oceania, Eastern Europe and the United States.
But a recent report shows that in Brazil, which accounts for almost half of Harvard’s total investment, at $450 million, most of the endowment’s acquired enterprises are territories occupied by land-grabbers in conflict with traditional communities and slave-descended quilombos in the Cerrado grasslands. The report, by GRAIN, a nonprofit that advocates for small farmers, and Rede Social de Justiça e Direitos Humanos, a social justice NGO, also links these lands to incidents of deforestation and death threats.
— source news.mongabay.com | Maurício Angelo | 19 Aug 2020