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A recent report by Stand.earth and COICA accuses five leading banks of 'greenwashing' by inadequately protecting the Amazon when financing oil and gas extraction. The analysis reveals insufficient environmental and social risk management, urging banks to cease such financing to safeguard 80% of the rainforest by 2025.
Decades of oil spills have polluted rivers and streams throughout the Amazon Rainforest, affecting wildlife and destroying the homes of Indigenous peoples. But the oil and gas industry doesn’t act alone — it gets financing from big banks to maintain its pipelines and expand operations. New research has found that eight major banks are responsible […]