Investing in Amazon Destruction
United States corporations are funding oil companies operating in the Amazon
Fossil fuel companies couldn't keep expanding the fossil fuel frontier deep into the Amazon rainforest were it not for the institutions financing that expansion.
Amazon Watch research revealed that financial institutions like JPMorgan Chase – the biggest U.S. bank – and BlackRock – the world’s largest asset manager – are funding the destruction of the Amazon rainforest and the violation of Indigenous rights. While these two companies like to talk about the importance of social responsibility, we know it's their actions that really count.
More info:
- Report: BlackRock's Big Deforestation Problem (August 2019)
- Amazon Watch briefing paper: Investing in Amazon Destruction (November 2017)
- Press release: JPMorgan and BlackRock Invest in Amazon Destruction
- Press release: BlackRock Receives Over 122,000 Petition Signatures Calling for Divestment from Amazon Oil
- Press release: U.S. Senators Send Letters to BlackRock and JPMorgan Chase on Amazon Crude
- Senators Schatz and Whitehouse's letter to BlackRock
- Senators Schatz and Whitehouse's letter to JPMorgan
- Coverage related to JPMorgan's investments in Amazon oil
- Coverage related to BlackRock's investments in Amazon oil
