Amazon oil

r1 More European banks still financing Amazon oil ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌‌

r33

Hi friend,

I have incredible news to share: last week, four big European banks announced that they will no longer finance the trade of Amazon crude oil from Ecuador – a critical step in protecting one of the most biodiverse places on the planet.

This is an unbelievable victory for Indigenous communities who’ve been fighting to protect their home from extractive industries and it’s a direct result of people like you taking action as part of the Stand.earth community to protect our forests. Thank you!

But there are still three other major banks: Natixis, UBS and Societe Generale, who are financing oil trade from the Ecuadorian Amazon to the U.S. Now it’s time to turn up the heat while the world is watching.

Will you take 30 seconds to add your name and urge Natixis, UBS, and Societe Generale to immediately make commitments to no longer finance the trade of Amazon crude oil?

SIGN NOW

Since the release of our groundbreaking report in August... naming major European banks who had financed $10 billion in Amazon oil trade, we’ve made sure to keep this issue a priority for banks and the world.

More than 41,000 of us signed a petition targeting the top six banks, thousands of us took to social media, and nearly half a million people amplified our report video. Working to advance the priorities of Indigenous leaders, we’ve been deep in negotiations with the top six banks, urging them to permanently stop the trade financing of Amazon crude oil. Thanks to our collective power, ING Group, BNP Paribas Group, Credit Suisse and Rabobank announced that they’re backing out of financing oil trade in Ecuador, making headlines in hundreds of news outlets – from Ecuador, to France, and to Switzerland.

Amazon banks announcement video

Despite the ongoing dangers of oil spills and human rights and environmental violations, European banks Natixis, UBS, and Societe Generale are still financing the trade of Amazon crude oil from Ecuador to the U.S. primarily. These banks continue financing this business while Indigenous federations are calling for an immediate moratorium on the oil trade.

With additional oil expansions planned in 2021, and the ongoing oil spills, we must keep the pressure up and secure commitments from banks. Add your name now.

This decision by banks is a critical step in stopping further oil expansion in the region and protecting one of the most biodiverse places on the planet. And a point of leverage for Indigenous communities fighting to protect their homes from extractive industries.

We can take this win and turn it into an even bigger win by pushing Natixis, UBS, and Societe Generale to make commitments this year to stop financing the trade of Amazon oil.

Taking on behemoth financial institutions that are bankrolling the destruction of the Amazon is no easy feat, but it’s what we do at Stand.earth. Working in partnership with Indigenous communities, and allies, we are fighting to protect the Sacred Headwaters from further oil extraction projects. Our bank's report was the first of its kind to expose major banks involved in financing the trade of oil from this region and was reported in over 350 news outlets. Our campaign has already shifted billions of dollars of financing. And we’re just getting started.

So what do you say, will you join the movement to protect this biodiverse haven by urging banks to stop financing the crude oil trade?

Thanks for showing up for the Amazon and Indigenous nationalities who call it home.

In solidarity,

Tyson Miller
Forest Programs Director
Stand.earth


Stand.earth challenges corporations, industries, and governments to prioritize the well-being of people, our environment, and our climate by creating long-term, effective solutions. None of this work is possible without your support. DONATE $5 San Francisco office: 548 Market Street, Suite 74196, San Francisco, CA 94104-5401 On traditional Chochenyo and Karkin Ohlone Lands
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