Preserving the Amazon rainforest ecosystem is essential to slowing climate change, but that is getting harder to do. When you think about environmental destruction in the Amazon region, you may picture illegal logging, cattle ranchers, agribusiness, and devastating fires. But it turns out that at least the western part of the Amazon is sitting on a sea of oil as well, and companies are moving in. These companies are getting financed by some big banks and investment firms in the United States.
In early March, Amazon Watch published a report on oil exploration plans and global financial firms’ role, Investing in Amazon Crude. We talk about the report’s findings, and what can be done about them, with two longtime Latin America human rights advocates from Amazon Watch. Moira Birss is the organization’s climate and finance director, and Andrew Miller is the advocacy director.