It's time for Banks to Exit Amazon Oil & Gas

In line with the need to protect 80% of Amazonia by 2025 and the campaign's demand to end financing and licensing for industrial activities in the Amazon, campaigners at Amazon Watch and Stand.earth have teamed up with leadership from COICA, CONFENIAE, AIDESEP, and other Indigenous organizations to call on banks to live up to their commitments to sustainability and human rights: Banks must immediately adopt an exclusion policy to exit Amazon oil and gas.

The Exit Amazon Oil & Gas campaign calls on banks to adopt an Amazon Exclusion Policy and Exit Strategy and commit to the following three points:

– An immediate commitment (by the end of 2021 at the latest) to not finance or invest in the expansion of any oil or gas activities in the Amazon Biome.
– A commitment to end, by 2025, financing for any and all companies currently engaged in oil or gas activities, for the purpose of facilitating the responsible wind down of operations.
– A commitment to exit all loans, letters of credit, and revolving credit facilities for all traders actively trading oil or gas originating in the Amazon Biome by the end of 2022.

Видео It's time for Banks to Exit Amazon Oil & Gas канала AmazonWatch