This risk assessment describes the political, social, financial, environmental, and legal risks associated with investing in Petroperú. It also compiles the perspective of some communities that could be affected by the threat of oil operations by Petroperú, in particular, the Achuar People of the Pastaza River and the Autonomous Territorial...
Oil and Gas
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.
Ecuador Declares Temporary Moratorium on New Oil and Mining Concessions
Ecuador’s Indigenous movement and the government of Guillermo Lasso have agreed to a temporary moratorium on all new oil and mining concessions. This major development puts the country’s plans to double oil production and significantly boost mining investment in question.
Vanguard Funds Indigenous Rights Violations in Peru’s Amazon
Asset manager Vanguard must stop investing in Indigenous rights violations and environmental destruction
The Achuar and Wampis have good reason to oppose further oil extraction: The Northern Peruvian Oil Pipeline, which runs through their territories, has repeatedly ruptured, causing countless spills and constant threats to the environment and safety of their communities.
Oil in the Peruvian Amazon: Obscene Profits Through Immoral Strategies
Legal attacks against the protections for isolated Indigenous peoples and Peru’s FPIC law are examples of how the oil lobby keeps the current legal framework – the product of years of struggle by Indigenous movements and civil society – under constant siege.
Amazon Watch is building on more than 25 years of radical and effective solidarity with Indigenous peoples across the Amazon Basin.
UN-backed TNFD Proposal Risks Opening a New Frontier for Corporate Greenwashing
“Under TNFD’s proposed framework businesses are fully entitled to continue to back the destruction and degradation of nature and human rights – so long as it doesn’t affect their profits."
From Local to Global: Peruvian Earth Defenders Confront Deutsche Bank in Germany
Delegation of Indigenous leaders from the Amazon built networks of support and solidarity in the movement against oil expansion in the Amazon
The Wampis and Achuar nations will not permit oil production on Block 64, and they have launched an international campaign to make it clear to anyone who still thinks it might be a good investment to attempt to extract oil from their territories.
Is Vanguard Sinking the Climate Ship?
Asset manager Vanguard is a major investor in some of the mining and oil companies that are causing irreparable harm to the Amazon rainforest and to Indigenous peoples. Vanguard is not only financing destruction and rights violations in the Amazon, but it is financing climate catastrophe throughout the world.
Ecuadorian Indigenous Movement Secures Victories, Ending National Strike
Indigenous leaders and the Ecuadorian government reached an agreement including a repeal of Executive Decree 95 on oil and gas and reform of decree 151 affecting the mining sector, among other demands. Both decrees had authorized the government to expand the extractive frontier into Indigenous territories and important conservation and forest...
Citi: Still Financing Indigenous Rights Violations and Biodiversity Loss in the Amazon
Citi’s financial support to the Ecuadorian government is directly linked to oil drilling on and near Indigenous territories in the Amazon, where community leaders have repeatedly voiced opposition to such projects.
Ecuador National Strike: UN Must Compel Lasso to Prevent Further Violence
Ecuadorian government complicit in human rights violations, disappearances, and deaths, must address economic and climate justice demands brought by Indigenous peoples and civil society
“Ecuador is in a state of emergency due to socio-economic and racial inequities and violent repression from the state in response to National Strike. It is urgent that the U.N. and other international human rights bodies denounce this and support a de-escalation to prevent further violence and loss of life."
Ecuador National Strike: Young Kichwa Person Killed by Tear Gas Canister
Indigenous communities and civil society call on international community to act after days of armed violence by Ecuadorian government led to multiple counts of rights violations and three deaths, economic and climate justice demands remain ignored by President Lasso
“Amazon Watch condemns the violence and calls on the international community to uplift demands from Indigenous communities and civil society to address economic inequities and end oil and mining extraction on Indigenous lands."
Stop The Money Pipeline Coalition Responds to IEA’s Energy Report
“Global finance cannot be allowed to continue to heat the planet beyond habitability, violate the rights of Indigenous peoples and frontline communities, and demolish vital ecosystems like the Amazon rainforest."
The Business Case for Indigenous Rights
Companies must account for Indigenous peoples’ human and land rights to understand and address business and climate risks
Stanford Social Innovation Review | As the effects of climate change worsen and concern grows, financial regulators are turning their attention to how companies report on climate-related risks. One crucial factor that businesses and investors may overlook is Indigenous and tribal peoples’ rights.
Indigenous Peoples Refuse to Be Ignored
The Amazon and Indigenous rights were amplified, not ignored, at the Summit of the Americas
"Oil drilling in our Amazon has brought contamination, disease, deforestation, destruction of our cultures, and the colonization of our territories. It is an existential threat for us and violates our fundamental rights as Indigenous peoples."
Solidarity with Indigenous Uprising for Economic and Climate Justice in Ecuador
“We are witnessing a human rights crisis being escalated by the Ecuadorian government. Other countries, like the U.S., rely on oil commodities from Ecuador and must speak up for human rights and end their complicity as consumers. We call for justice and demand that Iza be released.”
Activistas para la Amazonía despliegan pancartas durante la Cumbre de las Américas
Activistas de las organizaciones ambientalistas Stand.earth y Amazon Watch hicieron un llamado de atención a los lideres mundiales frente al pedido de los líderes de la Cuenca Amazónica que demandan fin de la expansión de la extracción de petróleo en la Amazonía
Activistas de Stand.earth y Amazon Watch desplegaron dos pancartas de 15X12 metros en el Puente Queensway en Long Beach, California, para exigir a los líderes mundiales que participan en la Cumbre de las Américas que tomen medidas para detener la expansión inminente de la frontera petrolera en el Amazonía.
Amazonia Advocates Deploy Banners During Summit of the Americas
Activists from Stand.earth and Amazon Watch demand leaders end expansion of Amazon oil drilling
Activists from Stand.earth and Amazon Watch have deployed two massive 50'x40' banners on the Queensway Bridge in Long Beach to demand Summit of the Americas leaders take action to stop the imminent expansion of Amazon oil drilling.
Indigenous Amazonian Delegation, Climate Activists Rally Outside Summit of the Americas
Organizers build altar drawing attention to rights violations, pollution, corruption, deforestation, and land-theft in rainforest by industry and enabled by governments
Immersed in Crisis, Peru Neglects Amazon’s Destruction
Associated Press | Peru has descended into one of the worst political crises in its history and protection of its Amazon rainforest is failing, according to a report published Thursday.
The Anti-Chevron Movement Gains New Allies
Activists, workers, and shareholders push company to act on climate and human rights during Annual General Meeting season
Chevron’s reputation as a price gouger, gross polluter, environmental racist, and greedy corporate behemoth with an army of unscrupulous lawyers and greenwashing PR firms grows worse by the day.
Chevron Uses AGM to Disregard Human Rights, Climate, Congress, and Billions It Owes to Communities
Chevron faced a barrage of shareholder proposals as well as opposition to the election of directors Ron Sugar and Michael Wirth, and failed to respond to the most pressing questions from shareholders about its practices.
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.
Hope and Danger in the Colombian Amazon
Amazon Watch and a high-level diplomatic delegation traveled to southern Colombia in early May to the “Amazon Pearl” to learn about and support local struggles against armed groups and extractive industries
The vision for the Amazon Pearl, created by the hundreds of families that live there, is beautiful: Live off the land in a sustainable way, while creating a professional future for youth through environmental education.
Community Protest Saturday at Chevron Richmond Refinery on 9th Annual Global Anti-Chevron Day
Saturday, May 21, 2022, is the 9th annual Global Anti-Chevron Day. Communities in Richmond, CA affected by Chevron will join other communities around the world to share their stories about the impact of the oil company’s environmental destruction and human rights violations in advance of Chevron’s annual shareholder’s meeting on May 25, when the...
Science Group, Community Leaders, and Shareholder Advocates Discuss Chevron's Track Record on Financial Risk
Leaders share insights and guidance on how shareholder actions advance corporate accountability, ahead of Chevron annual stockholder meeting
In advance of Chevron’s Annual General Meeting of shareholders,scheduled for May 25, community advocates, shareholder groups, and corporate accountability experts held an online briefing for investors, the public, and the media.
GeoPark Oil Company (GPRK) a High-Risk Investment, Report by Human Rights and Environmental Organization Details
Risk alert based on recent field mission outlines the social, political, legal, environmental, and reputational risks for GeoPark’s operations in the Colombian and Ecuadorian Amazon
GeoPark's current attempts to expand operations into the Colombian and Ecuadorian Amazon are creating serious human rights and environmental challenges for the company and risks for investors, Amazon Watch detailed in a 19-page risk alert published today, coinciding with GeoPark’s quarterly earnings call for investors.
Statement on BNP Paribas Pledge to End New Financing for Amazon Oil Drilling
Bank involved in industry deals worth $13.3 billion. Move follows investigation by Stand.earth and Amazon Watch pushing firm to take a lead role in excluding Amazon oil and gas.
“BNP Paribas’ decision to stop financing new oil production in the Amazon is the first of its kind and a major milestone for us as Indigenous peoples. This decision affirms what we have been calling for – that financing oil extraction in the Amazon is putting our lives, lands, and cultures at risk, and the health of our entire planet, and must...
Four Ways Wall Street’s Annual General Meetings Impact the Amazon
During AGM season, consumers and shareholders can pressure corporations to change policies to respond to the climate and guarantee respect for human rights
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.