The Amazon is one of the last places on the planet that the oil industry and industrial extraction should be expanding and it is time for banks to step up and ensure that they aren’t complicit in harming Indigenous rights and the continued degradation of this critical region.

In line with the need to protect 80% of Amazonia by 2025 and the campaign’s demand to end financing for oil industry expansion in the Amazon, Stand.earth and Amazon Watch have teamed up with leadership from COICA, CONFENIAE, AIDESEP, and other Indigenous organizations to call on banks to live up to their commitments to sustainability and human rights andadopt an exclusion policy to exit Amazon oil and gas.

With the understanding that all fossil fuel financing must be phased out in order for the world to meet the 1.5°C Paris Accord targets, the Exit Amazon Oil and Gas platform calls for urgent action in Amazonia, with a demand for banks to immediately commit to:

  • Not financing any new oil and gas expansion;
  • Phasing out their current financing;
  • Adopting strong, binding policies to respect the Indigenous right to self-determination.

Banks Must Exit Amazon Oil & Gas

In line with the need to protect 80% of Amazonia by 2025 and the campaign's demand to end financing and licensing for industrial activities in the Amazon, campaigners at Amazon Watch and Stand.earth have teamed up with leadership from COICA, CONFENIAE, AIDESEP, and other Indigenous organizations to call on banks to live up to their commitments to s

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Banks must adopt an Amazon-wide exclusion policy

JP Morgan Chase, HSBC, Deutsche Bank, Goldman Sachs, and Citigroup are at “very high-risk” of funding the destruction of the Amazon. Banks must adopt an Amazon-wide exclusion policy. Sign now.

Urge Citigroup to exit Amazon oil

Citibank provided over $40 billion USD in funding for oil and gas companies in the Amazon. It’s time to exit Amazon oil and gas, take action.

Tell the Canadian government to reject the Tilbury LNG jetty

This dangerous fracked gas project could soon go ahead in B.C.

Resources

Reports

Citigroup: Top Financier of State-run Oil Companies in the Amazon

April 26, 2022
Reports

Banking on Amazon Destruction

July 8, 2021
Reports

European Banks Financing Trade of Amazon Oil to the U.S.

August 12, 2020

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