2017-11-13 Amazon Watch
Moira Birss, Communications Manager at Amazon Watch, +1 510 394 2041 or +1 510 281 9020
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In addition to documenting this double speak, the report finds that the threat to climate stability and indigenous rights posed by oil extraction in the Amazon directly translates to serious legal, reputational, political, and financial risks for the operating companies and their financial backers.
Oil drilling in the Amazon devastates indigenous communities and one of the ecosystems most vital to avoiding climate chaos. Indigenous communities know this and are actively resisting projects by companies financed by JPMorgan and BlackRock, including GeoPark, which recently bought a concession to explore for oil on Achuar territory in the Peruvian Amazon; Andes Petroleum, which has plans to drill for oil on Sápara territory in the Ecuadorian Amazon; and Frontera, which insists on maintaining a drilling contract in Peru despite massive indigenous protests.
Take action to #EndAmazonCrude! Visit Amazon Watch's website: amazonwatch.org/investi
Download the report Investing in Amazon Destruction here.