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Big banks continue to finance oil and gas drilling in Amazonia

A gas flare from a refinery in the Ecuadorian Amazon rainforest
The Stand.earth report says the big banks continue to finance drilling through the granting of general corporate purpose deals that allow proceeds to be used without strict controls (Photo: Pedro Pardo/AFP via Getty Images)

Seventy-one per cent of the Amazon region is not protected by environmental and social risk management frameworks

Banks’ environmental and social risk management frameworks are failing to protect the Amazon region and its indigenous inhabitants from oil and gas production, a report by environmental campaigner Stand.earth has found. 

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