More About JPMorgan Chase

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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

June 26, 2020The New Republic

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

June 25, 2020

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.

Report Names the Banks Financing Destructive Oil Projects in the Amazon

Funding these projects runs counter to these companies' own statements of support for climate actions, including the Paris climate agreement, activists say

June 9, 2020Mongabay

Five of the biggest financial institutions in the world invested a combined $6 billion in oil extraction projects in the western Amazon between 2017 and 2019. According to Moira Birss of Amazon Watch, only pressure from civil society can stop the extraction of these natural resources without guaranteeing the conservation of the environment and the rights of Indigenous people.

Amazon Watch Statement: JPMorgan Chase Climate Action Is Vastly Insufficient

May 18, 2020

JPMorgan Chase's February announcement of new, limited restrictions on its financing of certain kinds of fossil fuels in certain highly controversial extraction sites was a step in the right direction, but like many other financial institutions' commitments, it falls short. Notably, the bank's climate policy fails to outline measurable commitments to protect the Amazon and other sensitive biomes, many of which are home to Indigenous peoples vehemently defending their ancestral territories. Amazon Watch research found that JPMorgan Chase has contributed over $890 million to Amazon crude oil extraction since 2017 and nearly $600 million to beef companies linked to illegal deforestation in the Brazilian Amazon.

Investor Eye on the Amazon

A primer for shareholders concerned about rainforest protection and human rights

Spring 2020

The Investor Eye on the Amazon newsletter serves as a resource for socially-responsible investors, industry analysts, and researchers looking to better understand the risks associated with financing climate-damaging industries in the Amazon, and what they can do to protect the region.

Amazon Watch Statement: Goldman Sachs' Climate Action Is Not Enough

April 29, 2020

"If Goldman truly wants to be a 'sustainability' leader, it must end corporate financing for fossil fuel expansion in the Amazon and around the world – particularly when that expansion happens on Indigenous territories."

Amazon Watch Statement: HSBC Must Step Up Its Climate Action and Stakeholder Participation

April 23, 2020

"If HSBC truly wants to live up to its responsibility to communities and its pledge to a low-carbon economy, it must end corporate financing for fossil fuel expansion in the Amazon and around the world – particularly when that expansion happens on Indigenous territories."

Amazon Watch Statement: Citi's New Environmental and Social Policy Falls Short

Citigroup's unambitious new policy, released just before its annual general meeting of shareholders, ignores the climate and Indigenous rights risks of oil drilling in the Amazon

April 21, 2020

"If Citi truly cares about being a leader on climate and Indigenous rights, it must end corporate financing for fossil fuel expansion in the Amazon and around the world – particularly when that expansion is planned for the territories of Indigenous peoples."

Drilling in the Amazon? Global Financiers Say Yes

March 23, 2020TriplePundit

"The Amazon rainforest is crucial to climate stability, and oil drilling expansion is one of the greatest threats to it," said Moira Birss, campaign director of the finance program at Amazon Watch.

U.S. Firms Bankroll Oil Extraction in the Amazon – Report

March 12, 2020E&E News

Major U.S. financial institutions are funneling billions of dollars into crude oil expansion in the western Amazon rainforest, according to a report released today that underscored Indigenous peoples' long-standing opposition to fossil fuel extraction on ancestral lands.