This Year’s AGM Season Has Not Been Kind to Investors in Amazon Destruction
The companies and banks behind Amazon destruction are feeling the heat as this year’s season of shareholder meetings comes to a close. Civil society, frontline communities, and investors alike are calling out the ways in which capital injected into extractive industries such as oil and mining leads to deforestation, biodiversity loss, and the violation of Indigenous rights in the Amazon – all while pushing the planet closer to climate catastrophe.
As companies continue to use tightening SEC rules and convenient COVID precautions to restrict participation and hide behind weak ESG policies, Amazon Watch, together with frontline communities, pursued various strategies to hold extractive industries and those that finance them to account.
From demanding accountability outside of corporate headquarters to presenting the financial, social, and environmental risks of investments to regulators and high-level decision-makers at multibillion-dollar firms, our efforts are having an effect. This 2024 Annual General Meeting (AGM) season proved to be a critical inflection point for Amazon Watch’s End Amazon Crude and Mining Out of the Amazon campaigns.
Read the full report for updates from our End Amazon Crude and Mining Out of the Amazon campaigns.
