The global shift in climate policy that we need will only happen if leaders listen to the voices of Indigenous and frontline communities, and if we collectively push for action.
The Bureau of Investigative Journalism | “In the long term, PetroPerú has a big problem: it is billions of dollars in debt, its core business is oil – and the world is decarbonizing”
“Instead of appealing to foreign investors about renewables in Ecuador, the Noboa administration must first confront the alarming consequences of expanding mining into the Amazon."
It’s no surprise that Cargill would destroy the Amazon and the Cerrado. What is surprising is the involvement of someone at a foundation that should be committed to protecting nature and Indigenous rights.
“The company’s rosy and clear-cut description of its Warintza model is quickly falling apart in the eyes of investors and shareholders who have been fed inaccurate information for years. The share price plummeting to rock-bottom today is a testament to that.”
“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.”
For 26 years, Amazon Watch has worked in solidarity with Indigenous peoples to advance their territorial land rights in the Amazon Basin, defending this extraordinary biome from a range of threats.
"Their money will run out, but our territory will remain here. We're not going to sell ourselves or our land to be destroyed."
The companies and banks behind Amazon destruction are feeling the heat as this year’s season of shareholder meetings comes to a close.
“Solaris has entered our territories illegally and without consultation, co-opting former leaders, dividing communities and families, and provoking confrontations."
“A pardon for Mr. Donziger will send a clear message that corporations in the U.S. cannot misuse the judicial system to criminalize human rights defenders."
“Despite Chevron’s attempts to hide its actions and community outrage from its shareholders and board of directors, this year’s AGM was a reminder that Chevron maintains the mantle as the world’s worst fossil fuel corporation."
On any list of worst corporate actors concerning human rights, the environment, accountability, transparency, and governance, Chevron consistently ranks at or near the top.
Canada’s Solaris Resources announced yesterday that a CAD$130 million investment deal with Chinese firm Zijin Mining was dead, abruptly ending a much touted infusion of capital needed to advance its flagship Warintza project.
Over 30% investors at the biggest U.S. bank JPMorgan Chase have backed a resolution on Indigenous rights, which was presented by a Peruvian Amazon leader facing death threats over her opposition to oil drilling.
"Chevron is not only one of the world's most flagrant polluters, the company literally wrote the playbook on how corporations can undermine democracy and the rule of law to try to silence their critics."
Newsweek | As representatives of communities who pay the highest costs of this toxic business, Indigenous Peoples demand banks prohibit new financing of Petroperú, and prevent its clients from pursuing new oil expansion.
The 2024 Banking on Climate Chaos report is the most comprehensive analysis of the financial institutions backing the fossil fuel industry and the policies of the world’s 60 largest banks enabling this financing.
Achieving Indigenous autonomies and territorial governance, where self-determination is exercised, requires dismantling the mandates imposed by colonial and extractivist states and transforming them based on indigenous worldviews of harmony and collectivity.
Contrary to upholding Indigenous rights, Canada rejected crucial recommendations regarding the regulation of its companies operating in Latin America and the Caribbean.
The delegation made it crystal clear to bank executives and the international stage: “We will not permit new oil extraction. Ever.”
Thousands of Indigenous people and their allies came together to form the 20th Free Land Camp, a major annual mobilization that strives to amplify the voices and resistance of Indigenous peoples.
The filers of a shareholder resolution at JPMorgan Chase on Indigenous rights have criticized the bank for canceling a scheduled meeting with Indigenous leaders from Peru’s Amazon region.
Ecuadorian voters sent a clear message to President Daniel Noboa on Sunday, in the country’s second referendum vote in under a year: they want security, but they saw through his attempt to sneak through right-wing economic reforms.
Today, Amazon Watch released a new report exposing the elevated risks of financially supporting state-run oil company Petroperú) amid its controversial plans to expedite new oil drilling in the Amazon.
Petroperú has plunged into massive indebtedness to complete its Talara Refinery Modernization Project and is now financially obligated to maximize its oil production to sustain itself, despite growing Indigenous and community opposition.
As the world turns its eyes to Brazil for next year’s critical COP30 climate summit, the future of the Amazon and its peoples stand at a dangerous crossroads as Brazilian agribusiness and global commodity traders attempt to drive a mega-railway through it.
We are honored to partner with inspiring Indigenous women leaders and draw attention to their visionary work.
A burgeoning coalition of Peruvian Amazonian Indigenous peoples and fishing organizations are demanding to meet JPMorgan Chase & Co. and Citigroup to warn against any new financing for state-operated oil company Petroperú because of its history of oil contamination and flagrant disregard of Indigenous and human rights.
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