[All] EXCLUSIVE: Chase, HSBC, Citigroup & Goldman Sachs are funding Amazon destruction
Neil Taylor
neiletaylor at sympatico.ca
Mon Jul 12 12:23:32 EDT 2021
>
> New scorecard fails banks for their ties to oil & gas companies
>
>
>
>
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>
> Hi Neil,
>
> We’re about to witness the dieback of the largest rainforest in the planet
> – unless we act with urgency and in solidarity with Indigenous communities
> who’ve been on the frontlines for decades.
>
> I sent you an email a few days ago about Stand.earth and Amazon Watch’s
> new scorecard report – in which we found global banks like JP Morgan Chase and
> HSBC at “very high-risk” of funding the destruction of the Amazon.
>
> There is no way to avoid climate disaster without immediately ending all
> further investment in new fossil fuel supply.
>
> Urge laggard banks to adopt an Amazon oil exclusion oil immediately to
> avert the collapse of the Amazon.
> <https://us.e-activist.com/page/email/click/10046/918528?email=6FF%2BcN1K0JrJkXB8T%2BWZ3OtwhRFYFpmPmZAK81VjEpg=&campid=HUdv6SIHXWWZkArzVWMSmA==>
>
> ADD YOUR NAME
> <https://us.e-activist.com/page/email/click/10046/918530?email=6FF%2BcN1K0JrJkXB8T%2BWZ3OtwhRFYFpmPmZAK81VjEpg=&campid=HUdv6SIHXWWZkArzVWMSmA==>
>
> If banks are serious about protecting biodiversity, they cannot support
> extractive activities and companies that cause deforestation and the
> associated degradation.
>
> Thank you for standing up for the Amazon,
>
> - Tyson
>
> P.S. Want to help spread the word about this issue? Share this video on
> social media.
> <https://us.e-activist.com/page/email/click/10046/918532?email=6FF%2BcN1K0JrJkXB8T%2BWZ3OtwhRFYFpmPmZAK81VjEpg=&campid=HUdv6SIHXWWZkArzVWMSmA==>
>
>
> ---------------------------------------------
>
> Here is the last email I sent you. 👇
>
> “We call on all institutions that finance oil extraction and the oil trade
> in the Amazon to make bold decisions to stop bankrolling environmental
> pollution and climate change. Their investments must be based on sustainable
> economic alternatives for our countries and communities.”
> - Marlon Vargas, President of the Confederation of Indigenous
> Nationalities of the Ecuadorian Amazon (CONFENIAE)
>
> Hi Neil,
>
> The Amazon rainforest is at a tipping point. In May 2021, Amazon
> deforestation hit a record high all while oil & gas extractions continue to
> accelerate deforestation in the region. But the oil & gas sector isn’t the
> only culprit driving the Amazon to irreversible destruction.
>
> A new scorecard report by Stand.earth and Amazon Watch evaluated 14 global
> banks and found loopholes in their environmental and social risk (ESR)
> policies are keeping them in business with companies involved in corruption,
> human right’s violations and biodiversity loss. JP Morgan Chase, HSBC,
> Deutsche Bank, Goldman Sachs, and Citigroup all scored “F’s” and are at “very
> high-risk” of funding the destruction of the Amazon.
>
> Fortunately, there is still time to avert the Amazon tipping point and it
> will take leadership from financial institutions, big brands with
> supply-chains impacting the Amazon, and government action. Indigenous
> communities on the frontlines and environmental groups have been calling for
> financial institutions to adopt an Amazon-wide exclusion policy in order to
> cut the money pipeline fueling this devastation. And we need you to add your
> voice to strengthen this international movement.
>
> Sign the petition and urge global banks to immediately adopt an
> Amazon-wide exclusion policy for all oil & gas extraction activities
> <https://us.e-activist.com/page/email/click/10046/918535?email=6FF%2BcN1K0JrJkXB8T%2BWZ3OtwhRFYFpmPmZAK81VjEpg=&campid=HUdv6SIHXWWZkArzVWMSmA==>
> .
>
> SIGN FOR THE AMAZON
> <https://us.e-activist.com/page/email/click/10046/918537?email=6FF%2BcN1K0JrJkXB8T%2BWZ3OtwhRFYFpmPmZAK81VjEpg=&campid=HUdv6SIHXWWZkArzVWMSmA==>
> <https://us.e-activist.com/page/email/click/10046/918538?email=6FF%2BcN1K0JrJkXB8T%2BWZ3OtwhRFYFpmPmZAK81VjEpg=&campid=HUdv6SIHXWWZkArzVWMSmA==>
>
> Despite some of these banks having net-zero by 2050 goals, deforestation
> policies and screening processes set-up to manage the risk of negative
> environmental and social impacts, they’re still providing investment and
> financing to oil & gas companies and oil traders active in the Amazon.
>
> Most banks’ deforestation policies only cover the agriculture sector and
> leave out exclusions for the oil & gas sector. While the agriculture sector is
> the biggest driver of deforestation, the oil & gas sector plays a big role as
> well – often responsible for the first roads and the first cut is the deepest.
> This is why an Amazon-wide oil exclusion policy that uplifts interconnecting
> commitments around biodiversity, Indigenous people’s rights, and deforestation
> is needed to stave off the dieback of the rainforest.
>
> And here’s the thing. An exclusion policy for a region is not unheard of –
> a lot of banks have an Arctic exclusion policy. As of December 2020, not a
> single U.S. bank was willing to finance Arctic drilling and with more and more
> European banks working towards adopting this into their banking portfolios.
>
> The rationale for having an Arctic exclusion (the vulnerability of the
> region to climate change and its sensitive ecosystem) is just as compelling
> for adopting an Amazon exclusion. The same pathway and urgency that was
> applied to the Arctic now must be applied to the Amazon biome.
>
> It’s time to cut the money pipeline of the Amazon destruction. Urge banks
> to stop financing oil expansion in the Amazon by adopting an exclusion policy
> for the whole region.
> <https://us.e-activist.com/page/email/click/10046/918540?email=6FF%2BcN1K0JrJkXB8T%2BWZ3OtwhRFYFpmPmZAK81VjEpg=&campid=HUdv6SIHXWWZkArzVWMSmA==>
>
> The Amazon is nothing short of magic. It is home to more than 400
> Indigenous nationalities and groups, it houses more biodiversity than any
> other biome on Earth, and absorbs an estimated two billion metric tons of
> carbon dioxide from the atmosphere each year (roughly 5% of annual global
> emissions).¹ The stability of the Amazon is crucial for the survival of
> Indigenous cultures and to our fight against climate change and biodiversity
> loss.
>
> We have a behemoth of a task ahead of us – but the Stand community has
> proven time and time that going up against corporations and standing with
> impacted communities is our forte. Our community of more than half a million
> has been rallying for Amazon protection by signing petitions to European banks
> and pushing our August 2020 report on European banks funding oil in the Amazon
> Sacred Headwaters to global spotlight and tweeting up a storm during the World
> Economic Forum earlier this year. Protecting forests is in our DNA and we will
> continue to fight for forests, communities and our planet.
>
> Add your name if you agree that oil expansion in the Amazon must stop now.
> <https://us.e-activist.com/page/email/click/10046/918543?email=6FF%2BcN1K0JrJkXB8T%2BWZ3OtwhRFYFpmPmZAK81VjEpg=&campid=HUdv6SIHXWWZkArzVWMSmA==>
>
> Thank you, Neil, for all you do.
>
> In solidarity,
>
> Tyson Miller
> Forest Programs Director
> Stand.earth
>
> P.S. Read the full report her and watch our new video for highlights.
> <https://us.e-activist.com/page/email/click/10046/918545?email=6FF%2BcN1K0JrJkXB8T%2BWZ3OtwhRFYFpmPmZAK81VjEpg=&campid=HUdv6SIHXWWZkArzVWMSmA==>
>
>
> ¹“AP Explains: Role of the Amazon in Global Climate Change,” April 20,
> 2021.
> <https://us.e-activist.com/page/email/click/10046/918547?email=6FF%2BcN1K0JrJkXB8T%2BWZ3OtwhRFYFpmPmZAK81VjEpg=&campid=HUdv6SIHXWWZkArzVWMSmA==>
>
>
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“Adopt the pace of nature: her secret is patience.” - Ralph Waldo Emerson
(1803-1882)
“The richness I achieve comes from nature, the source of my inspiration.” -
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and we will understand only what we are taught." -- Baba Dioum
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