Associated Press | “Local communities and their allies will remain alert to this zombie project which has been killed multiple times but always attempts to return from the dead.”
Citigroup
Petroperú’s Oil Gamble Fails: Block 64 Auction Flops Amid Indigenous Opposition
"For many years, we have stood alert and resisted every attempt by the Peruvian government and Petroperú to encroach on our territory."
Investor Nuns and Baptists Condemn Big Banks For Violating Indigenous Peoples' Rights
"Pope Francis called us to stand in solidarity with Indigenous Peoples impacted by destructive and extraction industries on their lands. We are grateful to Olivia Bisa from the Chapra Nation for presenting our proposal today at the AGM."
Religious Investors Win SEC Fight Over Indigenous Rights Resolution at Banks
“We, the Indigenous Peoples of the Amazon, have lived through ecological devastation, witnessed decades of pollution, and faced repeated threats to our self-determination due to spills caused by oil companies like Petroperú and their financiers, such as Citi."
Oil Over Life: The Cost of Petroperú's Environmental Catastrophe
New oil spill from the North Peruvian Pipeline devastates frontline Indigenous communities amid talks of restructuring state-run oil company Petroperú
Last week, the notorious North Peruvian Pipeline leaked at least 6,000 liters of oil, directly threatening the lives and livelihoods of the Indigenous Quechua and Achuar peoples of the north Peruvian Amazon.
Amazon Watch is building on more than 28 years of radical and effective solidarity with Indigenous peoples across the Amazon Basin.
Citi Shift on Amazon Oil Policy Will Still Allow Funding of Destruction
“This policy is a hollow promise that fails to state meaningful measures on how Citi will hold clients like Petroperú accountable for destructive Amazon oil expansion plans and contamination threatening Indigenous peoples today.”
Investor Eye on the Amazon
Updates for shareholders and activists concerned about rainforest protection and human rights
The companies and banks behind Amazon destruction are feeling the heat as this year’s season of shareholder meetings comes to a close.
Sit-in Continues at Citi NY Headquarters Ahead of Climate Resolutions at Shareholders’ Meeting
“Last year, Indigenous leaders from the Peruvian Amazon met face-to-face with Citi’s leadership, and yet Citi has failed to address their demands to stop financing Petroperú and extractive projects that destroy their homes.”
Amazonian Leaders Expose U.S. Financiers Behind Amazon Destruction at NYC Climate Week
Indigenous Amazonian delegates from across the Amazon to speak out
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.
Davos: Indigenous Leaders Call on Banks to Stop Funding Amazon Oil Expansion
Scientists and international organizations also calling for banks to follow lead of BNP Paribas and align with the Exit Amazon Oil and Gas platform
On the heels of World Biodiversity Day and in connection to an upcoming panel on the Amazon at Davos, tipping point scientists, Indigenous leaders, and international organizations are calling on banks and financial institutions that have gathered for the World Economic Forum in Davos to end financing for oil expansion in the Amazon.
Canadian Banks Injected $5.8 Billion into Mining Companies Tied to Forest Destruction and Human Rights Violations
Forests & Finance Coalition, Walhi, and MAM launched a preliminary dataset revealing the financial flows to several forest-risk mining companies that operate in the world’s three largest tropical forest basins. Banks from Canada, the United States, and Japan are among the largest financiers of mining companies in the tropics
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.
Petroperú’s Ongoing Threat to the Amazon
Intense market and supply chain conditions – due in part to Russia’s invasion of Ukraine – have led to increasing inflation around the world, and Peru has been no exception. Today, the controversial Talara oil refinery will be inaugurated and touted by the government as a solution to the current energy crisis. It is not.
