Oil and gas drilling, pollution, and deforestation has been devastating the Amazonia for decades. And Santander is bankrolling it.
Devastating oil and gas projects would not be possible without the funding coming from a handful of banks. Santander, one of the biggest investors in Amazonia destruction, has given these projects over 1.2 billion dollars.
Santander-funded projects not only exacerbate climate change but also pose a significant threat to the lives and cultures of Indigenous communities who rely on the Amazonia for their livelihoods and sustenance.
Other big investors named and shamed, have started to take steps to change. We must pressure Santander to do the same to save the Amazonia.
Santander says that it “is working to protect the Amazonia rainforest and promoting sustainable development.” But it is lying.
Santander has participated in 95 deals in the last 15 years, playing a leading role 76% of the time. Such deals include oil drilling companies such as Petroquímica Comodoro Rivadavia, which operates oil blocks in the Ecuadorian Amazonia.
The preservation of the Amazonia and the protection of Indigenous inhabitants are essential, and it is Santander’s responsibility to stop paying for oil and gas drilling.
Huge banks seem unmovable
but together we’ve forced them to move before. We got CitiGroup and
Standard Bank to commit to defunding mines who dump their waste directly
in the ocean. If we all come together we can get Santander to stop investing in Amazonia destruction!