July 2021
Banking on Amazon Destruction
How European and U.S. banks fund the oil and gas industry despite environmental and social risks driving the Amazon over the brink
In Amazon Watch and Stand.earth’s latest report, Banking on Amazon Destruction, researchers compare the Environmental and Social Risk (ESR) policies of target banks to their actions. Together, we are calling on banks to exclude all types of finance (including investment) for any company engaging in the oil industry in the Amazon, setting markers to end new financing by 2022 and existing financing by 2025.
