Indigenous leaders from across the Amazon passed a resolution to protect 80% of the rainforest by 2025 at the IUCN World Conservation Congress in September, 2021. Now at COP-26 they continue to call on global governments, corporations and financial firms to end financing for extractive industries in the Amazon region.
« The fossil fuel industry has spent decades denying and delaying real action on the climate crisis, which is why this is such a huge problem. Their influence is one of the biggest reasons why 25 years of UN climate talks have not led to real cuts in global emissions. »
- Global Witness
Of the approximately 40,000 people attending COP-26, the Brazilian government has the biggest official team of negotiators with 479 delegates, according to the UN.
Global Witness counted 503 delegates and lobbyists with links to fossil fuel interests who were accredited for COP-26. Therefore, the fossil fuel industry has the largest delegation at the climate summit which has apparently influenced the first draft of the COP-26 decision text. This official text, which describes the steps for nations to take after the summit in order to avert the worst effects of the climate crisis, mentions accelerating the phasing-out of coal and subsidies to fossil fuels. Governments and banks must stop funding fossil fuels altogether, including gas and the current pipeline projects destroying indigenous lands.
« The Amazon and our global climate are in a state of emergency. We’re running out of time to avert catastrophic climate chaos. It’s time to listen to Indigenous peoples and address the tremendous debt owed by the Global North to the Global South for its unfair share in driving climate chaos. »
- Amazon Watch
Many global oil and gas companies are promoting false « solutions » such as carbon offsetting, carbon trading, carbon removal, carbon capture and storage as well as net-zero scams in order to allow them to continue extracting oil and gas.
« We, the original peoples, protect 80% of the world’s biodiversity. We demand that banks stop financing fossil fuels and ensure the life of all of humanity. We want to continue to exist, and for the forest to remain living for everyone. »
- Marisela Gualinga, Vice President of the Kichwa of Sarayaku, Ecuadorian Amazon.
The Exit Amazon Oil & Gas campaign calls on all banks to:
• Immediately commit to end financing for the expansion of oil and gas activities in the Amazon as soon as possible and no later than the end of 2022
• Commit to end financing for all currently operational oil and gas activities in the Amazon by the end of 2025, for the purpose of facilitating a responsible wind down of operations
• Commit to exit all loans, letters of credit, and revolving credit facilities for all traders actively trading oil or gas originating in the Amazon biome by the end of 2022
« Our collective resistance to defend our territories is resistance to protect the planet from the climate crisis we are currently living in. A geographic exclusion policy is a commitment from banks to exclude all types of financing and investment in any kind of oil or gas activity carried out in the Amazon. This is an urgent and necessary proposal that aligns with our call to protect at least 80% of the Amazon rainforest before 2025. The IUCN has already approved this measure, and corporations must follow this mandate. Any bank that continues to support the fossil fuel industries that are destroying the largest tropical rainforest in the world cannot declare itself an ally in the fight to protect our future and that of the planet. »
- José Gregorio Díaz Mirabal, Wakuenai Kurripaco from Venezuela and the General Coordinator, Coordinating Body of Indigenous Organizations of the Amazon Basin (COICA).