Santander: Be a Champion for Amazonia
Europe’s largest financier of oil and gas in the Amazon, and fourth largest worldwide, Banco Santander is fueling harmful extraction at a moment when the rainforest faces a tipping point crisis.
Santander has poured an estimated $1.4 billion into the oil and gas industry operating in the Amazonian territory over the last 15 years, and is behind climate-destructive projects that violate Indigenous Peoples’ rights.
- In Peru, the Spanish bank was one of the main funders of Petroperú’s Talara Refinery upgrade, which will increase crude processing—including from oil Block 64, where extraction has been fiercely opposed by the Achuar and Wampis People for over 10 years now.
- In Brazil, Santander has provided financing not only for Eneva’s Parnaiba Gas Complex — the biggest carbon bomb in the Amazon— but also for a major project extracting gas from Azulão Field. The Field is located in a territory that is home to ethnic groups Mura, Munduruku, and Gaviões, as well as to isolated Indigenous Peoples.
In recent years, global banks like HSBC, Barclays and BNP Paribas have made commitments to exclude oil and gas financing from the Amazon, which has shown good results so far. Santander has the opportunity to follow suit.
Share
Lara de Mesa, Be a Champion for the Amazon
Lara de Mesa, the Global Head of Responsible Banking at Santander must stand with women everywhere and use her leadership to ensure Santander stops financing destruction in the Amazon.
Explore the Amazon Banks Database
Latest News
View AllTake Action
Santander must stop financing destructive oil and gas expansion in Amazonia.
Add your name today to send a powerful message to Santander: the public will not stand for corporate practices that prioritize profits over the planet’s health and Indigenous peoples’ rights.
Join us and demand these fossil fuel banks to exit Amazon oil and gas.
Banks like Citibank, HSBC, and Santander have financed $20 billion USD in Amazon oil and gas. Amazonia is the last place oil and gas expansion should be taking place. Take action today.
Resources
Make a Difference
We have less than ten years to prevent irreversible harm from climate change. Let’s secure a safer planet together.
Ways To Give