Americas > Majority of $20 bln in Amazon oil and gas financing sourced from just eight banks -report

Majority of $20 bln in Amazon oil and gas financing sourced from just eight banks -report

Published 23:06 on July 25, 2023  /  Last updated at 23:06 on July 25, 2023  / Matthew Lithgow /  Americas, International, South & Central

Only eight banks are responsible for over half of the $20 bln in direct financing of recent oil and gas activities in the Amazon rainforest, according to a report published Tuesday, as South American nations ready an agreement to stamp out illegal deforestation in the biome by 2030.
Only eight banks are responsible for over half of the $20 bln in direct financing of recent oil and gas activities in the Amazon rainforest, according to a report published Tuesday, as South American nations ready an agreement to stamp out illegal deforestation in the biome by 2030.


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