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Banks Are Budging!

Pushing big finance on climate in the year to come

We are only a few weeks into 2021 and today we've announced the inspiring news that European banks that are collectively responsible for financing the trade of over $5.5 billion in Amazon oil to the U.S. from 2009 to 2020 have committed to immediate exclusion measures on the trading of oil from the Amazon Sacred Headwaters of Ecuador! These commitments come in response to the August 2020 report by Stand.earth and Amazon Watch that exposed how European banks financed the trade of $10 billion USD of oil from the Amazon Sacred Headwaters region to the U.S. This is the first time global commercial banks have adopted policies that exclude finance for extractive activities in the Amazon rainforest. It's both an encouraging sign of things to come and a great motivator to ramp up the pressure – now!

Together We Stepped Up for the Amazon in 2020!

2020 was defined by fundamental challenges and transformations. We've all had to adapt and create a new way of living and connecting. Most of us could have never imagined that caring for one another would involve so much isolation. It has become commonplace to call these times unprecedented, but Indigenous peoples had already warned us that destroying Mother Earth would have devastating consequences on our lives. More specifically, they told us that deforestation could unleash diseases that we've never known of. They showed us that pandemics and the destruction of the world's rainforests are interconnected and that we must act now if we are to avoid future crises for humanity and the planet.

Resisting Another Record-Breaking Year of Deforestation and Destruction in the Brazilian Amazon

While Brazilian authorities deny the impact of the criminal arson, Amazon Watch and our allies exposed and challenged the growing fires and deforestation in the Amazon

Over the past year, Bolsonaro's government failed once again to present a plan to curb deforestation and instead further emboldened land grabbers to destroy the rainforest. Evidence points to the greatest loss of trees in the Brazilian Amazon since 2008. The destruction of the Amazon is linked to Indigenous rights violations and conflicts on Indigenous territories. This International Human Rights Day, we call on the world to fight for Indigenous rights and self-determination. Our ability to protect the Amazon and our climate depend on it.

Will President-elect Biden Protect the Amazon and Stop the Money Pipeline?

A Biden-Harris administration could play a key role in holding financiers accountable for climate destruction

President-elect Joe Biden managed to turn out a significant progressive base to secure the 2020 presidential election. For many voters, his commitments to address environmental and racial justice after several years of actions, protests and calls from activists led to grassroots mobilizations that delivered the presidency and a few flipped states to the democratic party. With this mandate, a Biden-Harris administration should take bold steps to address the causes of climate change and its impacts on frontline communities both here in the U.S. and in places like the Amazon, where U.S. companies operate and provide financing.

U.S. Firms Continue to Fund Network of Destruction in the Amazon

Financial giants BlackRock, JPMorgan Chase, Vanguard, among those that invested more than US $18 billion in nine companies tied to conflicts on Indigenous lands

As the Amazon rainforest smolders from another disastrous burning season and its Indigenous communities face spiking violence and land invasions incited by a racist president, we must stand in solidarity with Brazil's grassroots resistance. Amazon Watch's and APIB's innovative reporting does just this by helping the country's National Indigenous Movement to shine a spotlight on the pivotal role of global finance in shaping the future of Brazil's human rights and environmental landscape.

Complicity in Destruction III

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

This new report, published by the Association of Brazil’s Indigenous Peoples 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.

Amazon Fires Mapping: Exposing the Destruction with Data

Bolsonaro and his henchmen would have us believe that "the Amazon doesn't catch fire," "the Amazon isn't burning," or even that "Africa is burning much more than Brazil." Yet these flimsy arguments cannot withstand the accurate documentation of how this year's heartbreaking burning season has laid waste to Brazilian ecosystems while incinerating the country's once-touted environmental credentials along with the credibility of its so-called leaders.

Is BlackRock the New Vampire Squid?

The investment giant casts itself as socially responsible while contributing to the climate catastrophe, evading regulatory scrutiny, and angling to influence a Biden administration

Luiz Eloy, a member of the Terena people and a lawyer with the Association of Indigenous Peoples of Brazil, said in an email that BlackRock has "changed absolutely nothing to alter its investment strategy, which pours money into the very companies that brutalize us and take down forests on an industrial scale. Talk means nothing to us, not after so many of us have died and lost our homes."

"No One Is Free Until We Are All Free"

The Movement for Black Lives and the Climate Justice Movement Are Inextricably Linked

The United States is in the midst of what some are now calling a "new civil rights movement." During such a groundbreaking historical moment, it is of paramount importance that the environmental and climate movements understand the connection between our work to stop climate chaos and the movement to end systemic racism. This intersectional analysis guides us in our mission and programs at Amazon Watch.