The biggest financiers of oil and gas in the Amazon are failing to identify and manage the true scale of the social and environmental risks their investments pose in the world’s largest rainforest, according to a new report.
Greenwashing the Amazon, published by non-profits Stand.earth and the Coordinating Body of Indigenous Organisations of the Amazon Basin, found that, on average, 71 per cent of the Amazon is not effectively protected by the environmental and social risk management policies of the top financiers of Amazon oil and gas — Citigroup, JPMorgan Chase, Itaú Unibanco, Santander and Bank of America.
