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future retail limited (fretail) expands into new market ✌️【Market Trends】✌️ Free real-time stock market data, professional analysis, and expert insights to help you plan the best investment strategy. Get ahead of the competition with expert predictions on market trends. Brazil’s lower house of Congress on Tuesday night approved a bill that would limit the recognition of ancestral lands in a vote met by protests from Indigenous groups.

future retail limited (fretail) expands into new market ✌️【Market Trends】✌️ Professional investment advisors provide up-to-the-minute market data, helping you analyze stock trends and select high-potential stocks. Achieve capital growth with well-researched strategies based on expert insights. The bill, known as PL 490/2007, would strip the environment and Indigenous people ministries of some powers, weakening their oversight of environmental protections and the demarcation of Indigenous lands.

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Indigenous groups from across the country also planned protests in the capital Brasilia, where Lula da Silva is meeting with South American leaders.

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“PL490 has been approved by the Chamber: a serious attack on indigenous peoples and the environment,” Sônia Guajajara, the Indigenous Peoples minister, tweeted late on Tuesday.

“We keep fighting for life. Still in the Senate, we will dialogue to avoid negotiating our lives in exchange for profit and destruction. We will not give up!.”

Lula da Silva has promised to repair the damage to the Amazon caused during the tenure of his predecessor,Jair Bolsonaro. A surge in invasions and illegal extraction of natural resources in protected Indigenous lands were reported under thefar-right former leader’stime in office.

Last month, Lula da Silva recognized six Indigenous territories,Reuters reports, fulfilling part of his campaign promise to protect Indigenous lands from being taken for farming, gold mining and logging in the Amazon.

But Lula da Silva has had to face a hostile Congress, which approved expediting the bill’s reviewprocesslast week.

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“Indigenous peoples who were expelled from their territory before October 1988 and cannot prove they were involved in an ongoing dispute over their claim on that date would not be able to secure legal recognition of their lands,” Human Rights Watch wrotein a statement.

“Choosing an arbitrary cutoff date and refusing to recognize ancestral lands claimed after that date is not in line with international standards,” it added.

If the bill passes, it could tarnish Lula da Silva’s climate ambitions. “If Lula loses this battle in Congress, it will represent yet another political defeat for his administration and display the conservative force he faces,” Bruna Santos, director of the Wilson Center’s Brazil Institute, told 【 - Free Capital Allocation Plans 】.

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