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Business & FinanceEnvironment

Reuters exclusively reports European banks face indigenous calls to end Amazon oil trade

Reuters reported exclusively that European banks committed to backing action on climate change face allegations of double standards from indigenous groups in Ecuador after a report named them as major players in the trade in oil from the Amazon rainforest. Stand.earth and Amazon Watch said ING, Credit Suisse, Natixis, BNP Paribas, UBS and Rabobank were the largest backers in the shipment of about $10 billion of dollars of Ecuadorian crude to U.S. refineries over the last decade.

Article Tags
Topics of Interest: Business & FinanceEnvironment
Type: Reuters Best
Sectors: Commodities & EnergyEquities
Regions: EuropeSouth America
Win Types: Exclusivity
Story Types: Exclusive / Scoop