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COP26 Agreement Fails to Address Climate Emergency, Take Necessary Steps to Protect Amazon and Respect Indigenous Peoples’ Rights

Fossil fuel lobby outnumbered Indigenous representation two to one, nations struck deal on international carbon markets despite Indigenous opposition to carbon pricing

Glasgow, UK – Undermining global hopes for meaningful action, the 26th annual Conference of Parties (COP26) climate summit in Glasgow concluded over the weekend without successfully addressing key drivers of the climate crisis, among them the destruction of the Amazon rainforest and the role of fossil fuels.

Indigenous Delegates at COP26 Endorse Campaign Demanding Banks Exit Amazon Oil and Gas

Dutch bank ING becomes latest to end oil financing in region, implement demands of Stand.earth, Amazon Watch’s new campaign

The role of European lenders in backing the trade from the Amazon came under scrutiny in August 2020 after a report by advocacy groups Stand.earth and Amazon Watch looking at oil exports from the region to the United States.

We’re Ending Amazon Crude

Human rights and environmental NGOs, alongside Indigenous organizations, are calling on all banks to Exit Amazon Oil and Gas immediately

On November 1, climate activists and policy makers from all over the world will be convening at the 26th annual Conference of the Parties (COP) in Glasgow, Scotland to discuss global efforts to address the climate crisis.

Banks Called to Exit Amazon Oil and Gas by Indigenous and Environmental Organizations

U.S., European banks could play critical role in ending Amazon destruction and rights violations by ending oil, gas financing in rainforest vital for global climate

New York, NY – A virtual Climate Week event held today highlighted the critical role U.S. and European banks must play in ending oil and gas financing in the Amazon rainforest. The event, led by international environmental advocacy groups and Amazon Indigenous leaders, revealed a new "Exit Amazon Oil and Gas" campaign and exclusion policy that...

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Banking on Amazon Destruction

How European and U.S. banks fund the oil and gas industry despite environmental and social risks driving the Amazon over the brink

In Amazon Watch and Stand.earth’s latest report, Banking on Amazon Destruction, researchers compare the Environmental and Social Risk (ESR) policies of target banks to their actions. Together, we are calling on banks to exclude all types of finance (including investment) for any company engaging in the oil industry in the Amazon, setting markers...

Report: Global Banks Fail for Financing, Investment in Oil and Gas in the Amazon Rainforest

Banks remain highly exposed to risk of fueling corruption, human rights violations, and environmental harms despite commitments; advocacy groups call for end to new financing by 2022, existing financing by 2025

San Francisco, CA – A new scorecard and report released today by environmental advocacy groups Stand.earth and Amazon Watch fails global banks for their financing and investment in the oil and gas industry in the Amazon rainforest, revealing that despite sustainability commitments and risk management screening processes, banks remain highly...

Is Your Bank Using Your Money to Profit from Amazon Destruction?

The Amazon rainforest is at the tipping point – rapidly approaching an ecological point of no return when, if enough deforestation occurs, the forest will no longer be able to sustain itself, triggering a massic dieback of plant and animal species, and deregulating global climate and temperature patterns. We must take immediate action to protect...

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...

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...

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...

Report Names the Banks Financing Destructive Oil Projects in the Amazon

Funding these projects runs counter to these companies' own statements of support for climate actions, including the Paris climate agreement, activists say

Mongabay | Five of the biggest financial institutions in the world invested a combined $6 billion in oil extraction projects in the western Amazon between 2017 and 2019. According to Moira Birss of Amazon Watch, only pressure from civil society can stop the extraction of these natural resources without guaranteeing the conservation of the environment and the...

JPMorgan Chase Climate Action Is Vastly Insufficient

JPMorgan Chase's February announcement of new, limited restrictions on its financing of certain kinds of fossil fuels in certain highly controversial extraction sites was a step in the right direction, but like many other financial institutions' commitments, it falls short. Notably, the bank's climate policy fails to outline measurable commitments...

Investor Eye on the Amazon

A primer for shareholders concerned about rainforest protection and human rights

The Investor Eye on the Amazon newsletter serves as a resource for socially-responsible investors, industry analysts, and researchers looking to better understand the risks associated with financing climate-damaging industries in the Amazon, and what they can do to protect the region.

Goldman Sachs' Climate Action Is Not Enough

"If Goldman truly wants to be a 'sustainability' leader, it must end corporate financing for fossil fuel expansion in the Amazon and around the world – particularly when that expansion happens on Indigenous territories."

HSBC Must Step Up Its Climate Action and Stakeholder Participation

"If HSBC truly wants to live up to its responsibility to communities and its pledge to a low-carbon economy, it must end corporate financing for fossil fuel expansion in the Amazon and around the world – particularly when that expansion happens on Indigenous territories."

Citi's New Environmental and Social Policy Falls Short

Citigroup's unambitious new policy, released just before its annual general meeting of shareholders, ignores the climate and Indigenous rights risks of oil drilling in the Amazon

"If Citi truly cares about being a leader on climate and Indigenous rights, it must end corporate financing for fossil fuel expansion in the Amazon and around the world – particularly when that expansion is planned for the territories of Indigenous peoples."

Drilling in the Amazon? Global Financiers Say Yes

TriplePundit | "The Amazon rainforest is crucial to climate stability, and oil drilling expansion is one of the greatest threats to it," said Moira Birss, campaign director of the finance program at Amazon Watch.

U.S. Firms Bankroll Oil Extraction in the Amazon – Report

E&E News | Major U.S. financial institutions are funneling billions of dollars into crude oil expansion in the western Amazon rainforest, according to a report released today that underscored Indigenous peoples' long-standing opposition to fossil fuel extraction on ancestral lands.

Report: The Five Biggest Financiers of New Amazon Oil Boom

BlackRock, Goldman Sachs, Citigroup, HSBC, and JP Morgan Chase defy their own commitments by backing dangerous oil and gas extraction in the western Amazon

Oakland, CA – A report released today by Amazon Watch shows how five American and British financial institutions are actively accelerating climate change and human rights abuses by providing billions of dollars in debt and equity financing for crude oil extraction projects in the western Amazon. Already, millions of acres of the western Amazon...

Building People Power to End Investment in Amazon Crude

Building People Power to End Investment in Amazon Crude is a 4-page refresher for activists who want to better understand the role that major financial institutions play in escalating the climate crisis. It includes detailed data from the latest Amazon Watch research on the total debt and equity financing provided by five major firms to companies...

Investing in Amazon Crude

The Network of Global Financiers and Oil Companies Driving the Amazon Toward Collapse

This report outlines in detail the ways that five of the world's most powerful financial institutions are actively contributing to climate change by providing debt and equity financing for crude oil extraction projects in the Amazon. It highlights key examples of on-the-ground Indigenous resistance to oil extraction, which is not only terrible for...