New York, NY —Today, Amazon Watch published Respecting Indigenous Rights: An Actionable Toolkit for Institutional Investors, an Indigenous-led guide for pension funds, asset managers, and other institutional investors on their responsibility to respect the rights of Indigenous peoples.
“Public pension fund officers have an obligation to protect their members from both the financial volatility and physical destruction of the climate crisis. They must do their job by voting yes on climate and Indigenous rights resolutions at bank and insurance shareholder meetings this spring.”
“Fink has again recognized that climate change risk is having a material impact in the world. However, he claims that BlackRock shouldn’t engineer outcomes related to climate change. This ignores the fact that maintaining the status quo is as much a choice as taking action.”
After years of virtual events, Climate Week 2022 coincided with the gathering of world leaders at the United Nations General Assembly, bringing thousands to New York City to hold leaders accountable for the escalating climate crisis and making the presence of Indigenous peoples more important than ever.
New York, NY – New York Climate Week sponsors, including BlackRock and Vanguard, were among the American financial institutions exposed for financing the destruction of the Amazon and Indigenous land at a press conference this week held by Indigenous leaders from the Amazon region and environmental and human rights group Amazon Watch.
Indigenous leaders from the Peruvian and Brazilian Amazon invite you to a press conference during Climate Week NYC 2022. In the context of Climate Week’s theme, Getting It Done, the delegates will discuss ways they are "getting done" protection of the Amazon rainforest.
We’re in the middle of the AGM season, which means corporations and financial institutions – including many complicit in Amazon destruction – will gather investors to discuss key business strategies and annual performance. Amazon Watch has historically strategized around these meetings to pressure them and demand accountability.
“The destruction of the Amazon rainforest is a threat to humanity and to the natural systems on which it depends. Indigenous Peoples are the best protectors of the Amazon, and we will continue to defend our rights and our territories from the extractive industries and threaten Indigenous Peoples and the rainforest.”
Brazil’s President Bolsonaro is using a possible fertilizer shortage caused by Russia’s war on Ukraine to justify his attempt to ram contentious legislation through Congress.
Last Saturday, the government of Pará (along with other Amazon governors) signed a Memorandum of Understanding (MOU) with the LEAF Coalition to boost actions regarding sustainability and the bio-economy. While hailed by its advocates as an innovative step forward in halting deforestation, there are serious greenwashing concerns regarding the...
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...
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...
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...
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...
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.
"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...
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...
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...
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.
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
