"Given its immense value to climate mitigation, not to mention to the hundreds of indigenous nations that call it home, the Amazon is the last place to continue expanding an industry that is imperiling the planet’s future."

Despite the urgent imperative to keep at least two thirds of all fossil fuels in the ground in order to avoid catastrophic climate change, many governments and companies continue to recklessly expand fossil fuel activities across the globe.

Where does the money come from to finance senseless drilling for oil in the Amazon? In large part from the investments of giant U.S.-based financial institutions. A new Amazon Watch report shows that JPMorgan Chase, the biggest U.S bank, and BlackRock, the world's largest asset manager, provide key financing to oil and gas companies operating recklessly in the Amazon.

Three such companies are GeoPark, which recently bought a concession to explore for oil on Achuar territory in Peru; Frontera, which insists on maintaining a Peruvian drilling contract despite massive indigenous protests; and Andes Petroleum, which intends to drill for oil in the pristine “Living Forest” of the Sápara in Ecuador. These projects threaten the most biodiverse rainforest in the world, and they would violate indigenous peoples' rights and despoil their territories.

Read the report then take action to demand JPMorgan and BlackRock stop investing in Amazon destruction!