More About Corporate Accountability

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Statement on Natixis Policy to Halt Trade Financing of Ecuadorian Amazon Crude Oil by April 2022

Natixis joins growing list of banks that have made Amazon exclusions and specific decisions impacting Ecuador oil and gas following groundbreaking report by Stand.earth and Amazon Watch exposing $10 billion in trade financing by European banks

April 16, 2021

French corporate and investment bank Natixis published a commitment to end trade financing in Ecuadorian crude oil. While joining a growing list of banks making Amazon statements this year, the announcement marks Natixis as the only bank to update its policy to officially include all Ecuadorian oil and gas in its list of exclusions, after a groundbreaking report by Stand.earth and Amazon Watch in 2020 exposed $10 billion USD in trade financing by European banks.

Indigenous Peoples Fight for Justice a Year After Devastating Oil Spill

April 8, 2021

Hundreds of Ecuadorian Indigenous people took to the streets of the Amazonian town of Coca yesterday to demand justice for the ongoing impacts of the country's largest oil spill in recent history. Amazon Watch’s team in Ecuador, alongside coalition partners, has been leading advocacy campaigns and maintaining pressure on the government and big banks financing the trade of this toxic commodity. The team is also supporting the communities seeking justice through technical assistance and legal strategy for the lawsuit, providing media support, and direct funding to affected communities.

Amazonian Indigenous Peoples Demand Justice One Year After Ecuador Oil Spill

Representatives of 109 Indigenous communities marched to the prosecutor's office in the Amazonian province of Orellana

April 7, 2021

Coca, Ecuador – This morning, hundreds of Indigenous Kichwa people from the Ecuadorian Amazon marched through the city of Coca to mark one year since the country’s largest oil spill in recent history. On April 7, 2020, 672,000 gallons of crude oil and fuel spilled from the country’s two major pipelines, the OCP and SOTE operated by the OCP Consortium and Petroecuador respectively, contaminating the Coca and Napo rivers, and their source of water and food. There has not been full remediation nor redress for local communities.

Frontline Activists from Around the World Escalate Pressure on BlackRock

Over 80 renowned Indigenous and frontline activists organized to demand accountability from the world’s largest investors driving climate chaos

April 6, 2021

BlackRock’s new announcements recognizing the need to reach near-zero-emissions are a step in the right direction that comes after years of campaigning by Indigenous leaders and civil society organizations, but without clear accountability measures, they remain empty promises.

The Ongoing Persecution of Steven Donziger

The environmentalist lawyer marks 600 days under house arrest — with no end in sight

March 30, 2021The Nation

Chevron's strategy could be backfiring. Over the past few months, a global movement has grown to defend Donziger and his Ecuadorean clients. Some 55 Nobel Prize winners signed a letter defending Donziger; 475 lawyers and human rights defenders released a similar appeal. A blue-ribbon legal Monitoring Committee is closely following Donziger's case; the group includes Nadine Strossen, the former head of the American Civil Liberties Union, and Michael Tigar, the distinguished defense attorney and human rights activist.

After Organizing Resistance, Indigenous Peoples and Allied Organizations in Brazil Win Key Victory Against Belo Sun

March 29, 2021

The Canadian mining company, Belo Sun, experienced a setback in its plans to open a massive gold mine in the Xingu river: it lost authorization to meet with Indigenous communities during the pandemic due to a pressure campaign by Indigenous leaders and human rights organizations. Belo Sun is hardly the first extractive company to put its profit margin over the lives of Indigenous peoples, but through swift organizing across our coalition of allied NGOs and Indigenous partners, we have secured an important victory.

Indigenous Leaders and Goldman Prize Recipients Send Open Letter Demanding BlackRock Act on Deforestation and Human Rights

BlackRock has yet to produce concrete policy addressing land rights, deforestation, and human rights abuses in its portfolios

March 23, 2021

San Francisco, CA – Today, over 80 renowned Indigenous and frontline activists from around the world issued a public letter criticizing BlackRock's role in violating the land rights and human rights of Indigenous peoples and other traditional communities. The signatories, including several recipients of the prestigious Goldman Environmental Prize, point to BlackRock's continued large-scale investments in fossil fuel and deforestation-linked companies that violate human rights, and demand that the asset manager cease these investments.

BlackRock Must Commit to Indigenous Rights – Not Just Climate Change

March 19, 2021Mongabay

"In Brazil the operations of corporations like the ones we mention above, into which BlackRock directs substantial investments on behalf of clients, have profound negative impacts on our communities, our forests, and the climate," APIB wrote. "You therefore have a responsibility for our future. And if the Amazon is destroyed, the future of the entire planet is at risk."

"I've Been Targeted With Probably the Most Vicious Corporate Counterattack in American History"

Steven Donziger has been under house arrest for over 580 days, awaiting trial on a misdemeanor charge. It's all, he says, because he beat a multinational energy corporation in court.

March 18, 2021Esquire

Donziger is a human rights lawyer who, for more than 27 years, has represented the Indigenous peoples and rural farmers of Ecuador against Texaco – since acquired by Chevron – which was accused of dumping at least 16 billion gallons of toxic waste into the area of the Amazon rainforest in which they live. Cancer is now highly prevalent in the local population. Some have called it the "Amazon Chernobyl." They first filed suit in New York in 1993, but Texaco lobbied, successfully, to move the proceedings to Ecuador. In 2011, the team of Ecuadorian lawyers Donziger worked with won the case, and Chevron was ultimately ordered to pay $9.8 billion.

BlackRock to Press Companies on Human Rights and Nature

March 17, 2021Bloomberg

Environmental group Amazon Watch welcomed BlackRock's moves but said they didn't go far enough. BlackRock failed to identify transparent expectations, time lines and consequences for company inaction on these issues, according to Moira Birss, Amazon Watch's Climate and Finance Director. "BlackRock should adopt a definitive no-deforestation and human rights policy with clear accountability mechanisms that result in concrete improvements for communities, ecosystems, and the planet," Birss said.