Rio de Janeiro's Cacique Cobra Coral Foundation Weather Assistance Agreement Renewed

• The Rio de Janeiro city government has renewed its partnership with the Cacique Cobra Coral Foundation for another 25 years.
• The foundation claims that it can interfere with the weather through a spiritual entity they channel, but does not forecast or issue storm alerts.
• The agreement provides for technical meteorological assistance at no cost, but raises questions about the role of spiritual entities in providing weather-related services.
• The partnership has significant implications for companies operating in the commodities markets and may have broader implications for environmental and social responsibility reporting.

The foundation is not here to forecast the weather or issue storm alerts,

In a unique agreement, the Rio de Janeiro city government has renewed its partnership with the Cacique Cobra Coral Foundation for another 25 years. This renewal came just one week after a devastating windstorm hit the city, leaving two people dead and felling trees. The foundation's role in providing technical meteorological assistance to the city has been shrouded in mystery, but its leader claims that the spirit they channel can interfere with the weather. The agreement was published in the city's Official Gazette on Friday, calling for the dissemination of information between the parties to enable the provision of technical meteorological assistance at no cost.

The partnership between the Rio de Janeiro city government and the Cacique Cobra Coral Foundation has been in place since 1981, with the foundation claiming that it was founded by medium Ângelo Scritori. However, federal tax registry data shows a discrepancy in the founding date, listing it as August 13, 1981. The agreement between the city government and the foundation provides for technical meteorological assistance at no cost, but its terms have raised questions about the role of spiritual entities in providing weather-related services. The foundation's leader claims that they do not forecast the weather or issue storm alerts, but rather change the climate itself.

The renewal of the partnership between the Rio de Janeiro city government and the Cacique Cobra Coral Foundation has significant implications for companies operating in the commodities markets. The foundation claims that it provides long-range weather information to clients trading in Chicago commodities markets before the U.S. Department of Agriculture publishes its reports. However, the lack of transparency and evidence regarding the foundation's methods and capabilities raises questions about the validity of this claim. Furthermore, the partnership between a spiritual entity and a government agency may have broader implications for environmental and social responsibility reporting.

Lawyers and compliance officers should be aware that this unusual partnership between the Rio de Janeiro city government and a spiritual entity may have implications for their clients' environmental and social responsibility reporting, particularly if they operate in the commodities markets or have business interests in Brazil.

Source: Original reporting via Courthouse News Service