Ending Financing for Oil in the Amazon

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.

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