Brazil Sugar, Ethanol Refinery Fined $7.2 Million After Dam Collapse

Brazil fined a sugar and ethanol refinery more than $7 million for flooding along a western river that killed tons of fish on an Indian reserve.

IBAMA, the enforcement arm of the Environment Ministry, fined Usina Rio Parana S.A., a Mato Grosso do Sul state company that produces sugar and sugarcane-based ethanol. 22.5 million reais ($7.2 million) for the destruction of federally protected riverbank vegetation and aquatic fauna, an official told Bloomberg BNA March 8.

In late December, heavy rains caused the rupture of a company-owned, 80-meter-high dam, which flooded the banks of the headwaters of the Dinarate-Cue ...