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The Global Week of Action: A Call from Indigenous Peoples

The Amazon has already lost 17 percent of its forest cover and an additional 17 percent of its rainforests have been degraded. If deforestation increases and surpasses the 20-25 percent threshold, this vital ecosystem will reach an irreversible tipping point of ecological collapse. The Amazon rainforest, as we've known it, could dive into the...

Forests, Fires, and Finance: How Financial Institutions Are Fanning the Flames

We are living in a world on fire. Over the past year, over 1,000 major fires have ravaged the Amazon rainforest, destroying millions of acres. At the same time, the North American west has seen its most destructive wildfire season in recorded history. Unlike the fires across North America and Europe, major fires in the Amazon are typically set...

Fires Rage Over the Amazon and the Entire World. But There Is Still Time to Act!

From the U.S. to Brazil, Siberia to Turkey, Italy to Greece, we're witnessing fires raging across the globe, consuming forests, lives, wildlife, and our future. The combination of extreme heat and prolonged drought have in many regions led to the worst fires in almost a decade and come as the IPCC handed down a landmark report on the escalating...

Countdown to Deadline Glasgow for Our Rainforests and Climate!

Amazon Watch joins Stop the Money Pipeline’s demand to defund climate chaos

The global climate and ecological crises are more alarming than ever. The Amazon rainforest now emits more carbon than it absorbs due to rampant burning and deforestation. As people around the globe suffer through worsening climate catastrophes, financial institutions continue to fund the corporations perpetuating ecological destruction and human...

Amazon Watch is celebrating 25 years of radical and effective solidarity with Indigenous peoples across the Amazon Basin!

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Do You Invest with BlackRock, Vanguard, or State Street? Help Protect the Amazon!

Client investors have a major role to play in ending Amazon destruction

Together, BlackRock, State Street, and Vanguard hold $46 billion in debt and equity in oil companies currently operating in the Amazon rainforest. While the prospect of moving the world's largest asset managers to divest from climate destruction may seem daunting, it's not impossible. That's where you come in. Client investors have power.

BlackRock, Vanguard, and State Street Invested $46 Billion in Amazon Oil Companies

New report by environmental and human rights organization, Amazon Watch, highlights case studies on billions in amazon oil investments by the "Big Three" asset managers

"As long as the world's largest investors choose to place profits over people by continuing to pour money into the fossil fuel industry in the Amazon, our entire planet is at risk. BlackRock, State Street, and Vanguard must end their complicity in Indigenous rights abuses, forest destruction, and climate chaos," said Moira Birss, Climate and...

Investing $46 Billion in Client Money on Amazon Destruction

How the world’s largest asset managers quietly pour billions into oil companies tied to rights abuses

The “Big Three” manage trillions of dollars of investments for individual and institutional investors all over the world, including pension funds and university endowments. Together they control nearly 20 trillion dollars. By investing in oil companies with horrific environmental and human rights records, they are not only flagrantly ignoring...

Investing in Amazon Crude II

How the Big Three Asset Managers Actively Fund the Amazon Oil Industry

Three of the world's largest asset managers – BlackRock, Vanguard, and State Street – with trillions of dollars under their control, invest in oil companies with horrific environmental and human rights records across the Amazon Basin. Right now, these asset managers hold a large amount of risk by actively contributing to Indigenous and human...

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

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.

Indigenous Leaders and Goldman Prize Recipients Send Open Letter to BlackRock

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

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...

BlackRock Must Commit to Indigenous Rights – Not Just Climate Change

Mongabay | "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...

BlackRock to Press Companies on Human Rights and Nature

Bloomberg | 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...

BlackRock’s Big Problem Responds to Larry Fink’s 2021 Letters

BlackRock continues steps in the right direction, but falls short of visionary leadership needed

Oakland, CA – Today, BlackRock released CEO Larry Fink's annual letter to CEOs as well as a letter to its clients. The letters spelled out the next steps the world's largest asset manager will be taking to address the climate crisis. While today's letters indicated several steps in the right direction for the financial giant, it falls short of the...

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...

Brazilian Indigenous Leaders Call for BlackRock Forests and Indigenous Rights Policy

The Association of Brazil's Indigenous Peoples sent an open letter to BlackRock CEO Larry Fink, calling on the asset management firm to adopt a comprehensive Forests and Indigenous Rights policy. The letter comes days before the expected release of Fink's annual letter, in which he often announces policy changes at the companies BlackRock invests...

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...

Resisting Another Record-Breaking Year of Deforestation and Destruction

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...

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...

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

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...

American Financiers Invested More Than US$18 Billion in Companies Linked to Indigenous Rights Violations in the Brazilian Amazon

A new report exposes international financiers – including BlackRock, Citigroup, JPMorgan Chase, Vanguard, Bank of America, and Dimensional Fund Advisors – invested in companies complicit in land conflicts with Indigenous peoples

Brasília, Brazil and Oakland, USA – U.S.-based financial institutions play a key role in enabling the destructive actions of companies linked to violations of Indigenous rights and conflicts in Indigenous territories in the Brazilian Amazon, according to a new report published today by the Association of Brazil's Indigenous Peoples (APIB) and...

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...

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...

Brazil’s Burning Season: The Facts About Amazon Fires

In August of 2019, images of the Amazon rainforest on fire shocked the global consciousness. The Amazon is on fire once again this year, and for most this is undebatable. Nasa, Inpe, and MAAP all publish monthly reports outlining the deforestation and subsequent fires destroying the Amazon. Yet, the Bolsonaro administration has launched a public...

Climate Activists Ramp Up Pressure on BlackRock During Fires Week of Action

Despite positioning itself earlier this year as a financial firm that leads on climate, BlackRock continues to be a major financial investor in the deforestation commodity companies currently fueling the fires in the Amazon. BlackRock is a top investor in deforestation-risk commodities around the world, and despite vague commitments to prioritize...

Climate Activists Stage Direct Action Against BlackRock’s Continued Financing of Amazon Fires

Activists post decals of Amazon fire destruction on BlackRock's San Francisco and New York headquarters calling out financier for climate commitments that fail to address deforestation and Indigenous rights violations

"According to MAAP, as of August 30th of this year, over 1.1 million acres (453,000 hectares) of recently deforested areas have burned in the Brazilian Amazon. Given the urgency of what's happening in the Amazon today, it's encouraging to see that activists are turning out from coast to coast to hold BlackRock accountable for its contributions to...

The Amazon’s Burning Season Is a Call to Action

In response to this worsening crisis, Amazon Watch is calling for an #AmazonCeasefire by mounting a communications, advocacy, and direct relief campaign alongside a coalition of Brazilian and global allies. We are shining a spotlight on the true drivers of today's crisis – from political delinquency to market complicity – while also targeting...

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

The 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...

"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...