Complicity in Destruction III

How Global Corporations Enable Violations of Indigenous Peoples' Rights in The Brazilian Amazon

Investing in Amazon Crude

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This new edition of Complicity in Destruction III, published by the Association of Brazil’s Indigenous Peoples (APIB) in partnership with Amazon Watch, reveals how a network of leading international financial institutions is linked to conflicts on Indigenous lands, illegal deforestation, land grabbing, the weakening of environmental protections, and the production and export of conflict commodities.

Our findings identify six major U.S.-based financial institutions – BlackRock, Citigroup, JPMorgan Chase, Vanguard, Bank of America, and Dimensional Fund Advisors – that contributed more than US$18 billion (100 billion BRL) to nine companies between 2017 and 2020.

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