A new report released on August 12th by North America-based environmental organizations Stand.earth and Amazon Watch details how European banks are financing the trade of controversial oil from the Amazon Sacred Headwaters region in Ecuador to international destinations in the U.S. such as California. The report also examines how these banks are actively complicit in the impacts of the oil industry on the Amazon rainforest — including oil spills, harm to Indigenous peoples, and climate destruction — despite making previous climate and human rights commitments.
Hosted by Stand.earth, join us to learn from our experts, how research can become the first step to shift corporate behaviour. By identifying the exact size, scope and nature of the problem we're working to change, and pinpointing a company's potential to change its behaviour in a way that would have significant impacts on forest protection or climate pollution.
In this case, our groundbreaking report reveals how since 2009, European banks and other private financial institutions have provided trade financing for approximately 155 million barrels of oil from Ecuador to refineries in the U.S. for a total of $10 billion USD. More than 40 percent of those exports go to refineries in California alone. This oil contained approximately 66 million metric tons of CO2, equivalent to the annual emissions from 17 coal-fired power plants.
You can expect:
- TO LEARN about different research methodologies that address climate pollution, human rights, nature rights as a first step to design a global campaign
- TO UNDERSTAND the aftermath of the oil industry in the lives of indigenous peoples and nature in the Amazon Headwaters in Ecuador
- TO ENGAGE in the design and implementation of a global campaign that links research to action
- TOOLS AND CONNECTIONS FOR GRASSROOTS ORGANIZERS, INDIGENOUS LEADERS, HUMAN RIGHTS COALITIONS and others who are looking for policy,research, and organizing support
This event will be hosted as a Zoom webinar, and you can register here or using the button above.
We’ll also share details about a simultaneous livestream closer to the event date.
Moderator: Moira Birss, Climate and Finance Director-Amazon Watch
- Angeline Robertson, Investigative Researcher at Stand Research Group: Oil Trade Report Research Methodology/Metodología Informe de Financiamiento al Comercio del petróleo
- Marlon Vargas: (President of the Confederation of Indigenous Nationalities of the Ecuadorian Amazon): 50 years of oil extraction in the Ecuadorian Amazon/50 años de extracción petrolera en la Amazonía Ecuatoriana
- Kevin Koenig, Amazon Watch Climate and Energy Director: Ecuador's recent oil spill and threat from fossil fuel expansion/El derrame petrolero en Ecuador y futuro amenaza de expansión de la frontera petrolera
- Tyson Miller, Stand Forest Programs Director: A global campaign with global actors/Una campaña global para actores globales