With little more than a week to go until a runoff election, far-right presidential candidate Jair Bolsonaro – who has affirmed his intention to withdraw Brazil from the Paris Climate Agreement – continues to be the rising political star in the world's eighth biggest economy, and the nation that stands as guardian to a major portion of the Amazon...
One of the world's largest fund managers, BlackRock, which has been proclaiming its high sustainability and ethical values is fighting off a barrage of criticisms that it is in fact one of the worst offenders against the planet.
BlackRock, the world's largest investment firm, holds more shares in fossil fuel and other industries that cause climate change than any other company in the world. That means that BlackRock's portfolio constitutes a huge liability for putting the planet on a path towards runaway climate change.
New York, NY – A campaign launching today is holding BlackRock accountable as the single largest contributor to climate destruction. The campaign, BlackRock's Big Problem, asserts that as the world's biggest owner of fossil fuel companies, BlackRock is putting the planet on a path towards runaway climate change. The campaign launches as world...
Investment Week | An environmental campaign has criticised BlackRock for allegedly being the "largest owner of fossil fuel companies and single largest contributor to climate destruction", and singled out CEO Larry Fink as failing to manage the business in line with his own expectations of stocks the firm invests in.
Mongabay | A report published this week by Amazon Watch reveals that six prominent Brazilian politicians – members of the bancada ruralista agribusiness lobby and all but one up for election in October – have been found guilty of serious environmental, economic, and social crimes and offenses.
Oakland, CA – A hard-hitting report published today unmasks key Brazilian political actors behind an ongoing assault on the Amazon rainforest and exposes the global corporate and financial entities that support them. The report from Amazon Watch reveals how the supply chains of leading brand names like Coca-Cola, and the portfolios of asset...
Despite their importance, the Brazilian Amazon and its peoples are suffering the worst assault in a generation. Deforestation is mounting steadily while hard-fought environmental and human rights protections, critical to the future of the rainforest, are under serious attack. Indigenous and traditional communities themselves suffer...
The California Public Employees’ Retirement System has quietly approved extensive changes to its Governance and Sustainability Principles, including a ground-breaking recognition of the right of indigenous peoples to free, prior, and informed consent (FPIC). CalPERS, the largest public pension in the U.S with $356 billion in assets under...
When Gloria spoke to shareholders, the room paid rapt attention. Many had never heard an indigenous person speak about the impacts that oil drilling and climate change would have on their way of life. An issue that had seemed abstract became real, and the impact of their investment decisions gained a human face. Creating this personal connection...
New York, NY – Some of the country's largest environmental and human rights groups issued a challenge to BlackRock at its annual shareholder meeting yesterday, daring the world's largest asset manager to take greater leadership on climate change following ambitious statements by BlackRock's CEO calling on corporations to pursue ends beyond pure...
The New Republic | By fighting to protect their traditional land, indigenous women are making an innovative argument that the lives of the people and the wellbeing of the environment are inextricably linked – and a battle for one is a battle for the other.
The quickly growing international campaign pressuring JPMorgan Chase to end its massive funding of extreme fossil fuels continued to escalate today as a delegation representing Indigenous and nonindigenous communities from Canada to Ecuador and across the U.S. gathered at Chase's annual shareholder meeting in Plano, Texas.
The Investor Eye on the Amazon provides an update on our campaigns targeting corporations with ties to dirty industry in the Amazon, and it aims to serve as a resource for socially-responsible investors, industry analysts, and researchers looking to better understand the risks associated with investment in extractive industries - and their own...
"As the Senators' letter reminds us, climate change also poses a significant financial risk to the economy, especially for the fossil fuel industry and its financial backers. Investing in companies with particularly controversial operations, like those located on indigenous territories in the Amazon rainforest, poses an outsized risk because of...
Quito, Ecuador – After presenting to Ecuador's President Moreno their demands to end natural resource extraction in their Amazon rainforest territories in a meeting in the presidential palace late Thursday, a delegation of Amazonian indigenous women announced they will give him fifteen days to provide concrete responses. The women also...
Directors & Boards | The latest ESG push came from BlackRock's CEO Larry Fink sending an ultimatum to corporations across the country to make social good part of the overall business strategy plans or else. Turns out, BlackRock has investments in companies that are drilling in the Amazon, according to the nonprofit Amazon Watch.
We write to you – entities involved in the processing, use, regulation, and financing of Amazon crude – to request that you take action to stem the influx of Amazon crude oil into the United States in order to stop Amazon destruction, respect indigenous rights, and prevent runaway climate change.
Over fifty environmental and human rights organizations have signed on to an open letter in support of Amazon Watch's campaign to End Amazon Crude, recognizing it as a crucial component of the global movement to keep fossil fuels in the ground and protect the climate and indigenous rights.
Directors & Boards | Amazon Watch's Executive Director Leila Salazar-López said, "Statements about climate risk and social purpose are no substitute for this concrete action. Divesting from Amazon crude, with its egregious environmental and human rights implications, is one good place to start."
Last Thursday, Amazon Watch and CREDO Action delivered over 120,000 petition signatures to BlackRock's San Francisco headquarters, calling on the asset manager to divest from companies drilling for oil in the Amazon rainforest. The next day, BlackRock CEO Larry Fink sent a letter to large public companies calling on them to "serve a social...
"A healthy future for the planet lies not in short-term profits but in the protection of rights, the environment, and the climate, and in bold investments in renewable energy. It is high time that BlackRock, JPMorgan Chase, and other financial institutions put their money where their mouths are and stop bankrolling the road to climate chaos."
"Like so many big businesses, JPMorgan Chase and BlackRock greenwash their activities rather than apply their resources to real solutions," Leila Salazar-López, executive director of Amazon Watch, told HuffPost in a statement. "Our report exposes their complicity in Amazon destruction, and we know savvy investors will respond...
Oakland, CA – Global financial institutions like JPMorgan Chase and BlackRock put the climate, indigenous peoples, and their customers at risk with their continued financing of companies that drill for oil in the Amazon rainforest, demonstrates a report, Investing in Amazon Destruction, released today by Amazon Watch.
Despite the urgent imperative to keep at least two thirds of all fossil fuels in the ground in order to avoid catastrophic climate change, governments and companies continue to recklessly expand fossil fuel exploration and drilling across the globe.
More than a decade after Avatar brought global attention to the destruction of Indigenous lands, Amazon Watch has released a new short video narrated by Oona Chaplin and featuring director James Cameron, legendary Chief Raoni Metuktire, and Goldman Prize winner Alessandra Korap Munduruku.
