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Monday, 25 Jan 2021 12:43 PM MYT Credit Suisse said it had decided to phase out financing for oil exports from the Ecuadorean and Peruvian Amazon after completing existing commitments. — Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. ZURICH, Jan 25 — Credit Suisse, Dutch lender ING and France’s BNP Paribas have decided to stop financing the trade in crude oil from Ecuador, the banks said today, following pressure from campaigners aiming to p...

BlackRock’s Big Problem Responds to Larry Fink’s 2021 Letters BlackRock’s Big Problem Responds to Larry Fink’s 2021 Letters January 26, 2021 BlackRock continues steps in the right direction, but falls short of the visionary leadership needed WASHINGTON- Today, BlackRock released CEO Larry Fink’s annual letter to CEOs as well as a letter to its clients. The letters spelled out the next steps the world’s largest asset man...

Credit Suisse, Dutch lender ING and France's BNP Paribas have decided to stop financing the trade in crude oil from Ecuador, the banks said on Monday, following pressure from campaigners aiming to protect the Amazon rainforest.

By Jon Hay 25 Jan 2021 Three of the most active banks in financing oil exports from the Ecuadorian Amazon — an environmentally destructive industry with a long track record of trampling on indigenous people’s rights — have agreed to cease important parts of their financial support, after pressure from NGOs and a devastating oil spill in 2020. BNP Paribas, Credit Suisse and ING were among six European banks criticised by Amazon Watch and Stand.Earth in a report last year for providing trad...

* Indigenous leaders in Amazon rainforest welcome the move * Advocay groups call for moratorium on new drilling (Adds investor comment) ZURICH/LONDON, Jan 25 (Reuters) - Credit Suisse, Dutch lender ING and France’s BNP Paribas have decided to stop financing trade in crude oil from Ecuador, the banks said on Monday, after pressure from campaigners aiming to protect the Amazon rainforest. The role of European lenders in backing the trade came under scrutiny in August, when a report by advocacy ...

December 28, 2020 Leila Salazar-López 2020 was defined by fundamental challenges and transformations. Weve all had to adapt and create a new way of living and connecting. Most of us could have never imagined that caring for one another would involve so much isolation. It has become commonplace to call these times unprecedented, but Indigenous peoples had already warned us that destroying Mother Earth would have devastating consequences on our lives. More specifically, they told us that defores...

Letter from the Association of Brazils Indigenous Peoples and Amazon Watch to Anglo American The Munduruku address mining on Indigenous lands and threats to their people and territory, as Anglo American seeks at least 27 research permits in Munduruku territory December 22, 2020 In our Complicity in Destruction III report published in October 2020, the Association of Brazils Indigenous Peoples (APIB) alongside Amazon Watch, exposed the pressure that large mining companies have exerted on Indige...

December 22, 2020 Paul Paz y Miño "As my physical world has shrunk, the online world has expanded by multiples of thousands. And once I get through this, I have no doubt that Chevron will be paying this judgment such that thousands of Indigenous people and rural communities will have a clean environment and thousands of lives will be saved. Thats what this is ultimately about." Steven Donziger What do you get when you beat Chevron in court? 500 days of home detention. Chevron has once again fa...

Amazon deforestation is up 10% this year, a 12-year high according to Brazilian satellite imagery. We talk to Moira Birss of Amazon Watch about how banks and other financial institutions such as BlackRock make this destruction possible. This article was originally published on WBUR.org. Copyright 2020 NPR. To see more, visit https://www.npr.org.

Native American protesters march against the Dakota Access oil pipeline near Cannon Ball, North Dakota, in January 2019. Appointment of a Native American interior secretary could change the governments relationship with the countrys original peoples. (CNS photo/Terray Sylvester, Reuters) Editors Note: EarthBeat Weekly is your weekly newsletter about faith and climate change. Below is the Dec. 18 edition. To receive EarthBeat Weekly in your inbox, sign up here. This week saw...