The Amazon is at the tipping point, yet banks continue to fund and invest in Amazon oil – a "first cut" in the destruction of the rainforest. Banks must stop providing investment and financing in the Amazon, where risks of climate change, biodiversity loss, deforestation, Indigenous rights violations, pollution, and corruption are extremely high.
JPMorgan Chase, Citigroup, Deutsche Bank, Goldman Sachs, and HSBC are some of the worst actors when it comes to financing oil and gas exploitation in the Amazon. They also have the worst policies in place to protect against the inherent risks associated with these industries. These banks must stop financing Amazon crude and exclude all Amazon oil and gas from their investments and financing.
If Banks don't divest, it will become near impossible to protect 80% of the Amazon by 2025!