Reuters exclusively reports European banks face indigenous calls to end Amazon oil trade | Reuters News Agency
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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
Excavators are parked near a damaged section of oil pipeline, about 25 km from the city of Tena in the Amazon, El Reventador, Sucumbios Province, Ecuador, June 19, 2020. Pipelines ruptured in the area on April 7, 2020, led to one of Ecuador's worst oil spills in years. Ivan Castaneira/Agencia Tegantai/Handout via REUTERS
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