When activists demanded an end to funding for risky Arctic drilling projects, banks listened. Every major American bank now has a policy against funding Arctic fossil-fuel exploitation.
Now, it's time to fight for the Amazon. In a new report published in July, Amazon Watch and Stand.Earth found that 14 banks in Europe and the US are still involved in oil production in the Amazon basin.
The Amazon is at a tipping point. This globally critical ecosystem has been pushed to its limits by deforestation, fire, and continued oil and gas extraction. But instead of protecting the most biodiverse region on the planet, humans have been increasing fossil-fuel exploration and extraction in the region—pushing the rainforest towards irrevocable destruction and endangering the lives and habitats of indigenous peoples and animals.
Yeah, sure: banks have pledged their commitment to climate and ecological justice. But without action, it's all empty promises. That's why Amazon Watch and Stand.Earth are demanding that they end all new financing for Amazon fossil-fuel projects in 2022, and for existing projects in 2025.
What's at stake
- Global climate stability
- Global atmospheric health: the Amazon provides 20% of the world’s oxygen
- Global biodiversity: the Amazon houses 10% of the planet’s biodiversity
- The lives, homes, and cultures of the Amazon's indigenous communities
HOW TO TAKE ACTION: FROM HOME
SIGN THE PETITION
Send the message to the CEOs of banks funding Amazon destruction: this ends, NOW.
SPREAD THE WORD
Read and share the new report on Big Finance's funding of Amazon destruction.
DONATE
Donate to Amazon Watch's projects in defense of the Amazon.
DEFUND AND DIVEST
Stop the Money Pipeline is a coalition of organizations targeting Big Finance and its fossil fuel spending. Check out their campaigns against Amazon Dirty Dozen companies BlackRock and JPMorgan Chase.
To divest your own money and find ethical banking alternatives, check out Extinction Rebellion’s divest toolkit. For more ethical banking alternatives, check out Switch It!
