From Will Frechette, Ekō <[email protected]>
Subject Banks burning up the Amazon
Date April 21, 2024 7:15 AM
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[ [link removed] ]Illustration of the Amazon rainforest megafires as seen from space

John,

The Amazon is speeding toward a point of no return — scientists say if 20%
of the forest is lost, it will set off a domino effect that will cause the
whole ecosystem to collapse.

Local communities are crying out for help. 18% of the forest is now gone,
and megafires are burning through hundreds of square miles of untouched
rainforest. Years of punishing drought and scorching heatwaves have pushed
the Amazon into crisis.

Yet the worst offenders behind the destruction of the Amazon – a rotten,
predatory financial industry that's poured an astounding $6 trillion into
companies responsible for deforestation in the last few years alone – are
flying completely under the radar. Their profits are even soaring!

We’re going to change that. We have a crack team ready to hit the ground
running to expose the big banks responsible for this emergency, and ramp
up our campaigns in the media and with shareholders to force them to
change. We’ll shine the spotlight on them like never before — and push to
make this year a turning point for the planet. Can you chip in to stop
banks destroying the Amazon?



[ [link removed] ]Donate
$3
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“We’ve never seen anything like this.” Scientists are losing it, saying
the rainforest "has never been closer" to collapse. Rain should be
drenching large swaths of the Amazon by now. Instead the rainforest is
engulfed in flames.

JPMorgan Chase, Citi, and Bank of America are carrying on with business as
usual, pumping trillions into oil and gas projects and companies that are
deforesting the Amazon. The companies they shower with loans, investments,
and insurance are responsible for over 70% of all greenhouse gas emissions
and destruction of tropical forests.

If banks just stopped funding these destructive projects, it could
literally reset our global economy – and the fight against climate change.
But right now, the financial incentives are all wrong. We need to change
the calculation by making these banks as famous for fuelling climate chaos
as they are for plastering their names all over sports stadiums.

Here’s how we’ll do it:

* Make the CEOs famous for their role in climate destruction, hounding
them at public appearances and splashing their faces on billboards and
in the media;

* Pass new regulations to close loopholes and make fossil fuel projects
too expensive and too difficult to bankroll;

* Organise employees of targeted banks and insurers to oppose their
companies’ policies from the inside;

* File shareholder resolutions around the world to change the rules for
investing in favour of the planet.



[ [link removed] ]Donate
$3
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These companies are the root of the climate crisis that’s causing the
Amazon burn – and countless other tragedies. If we’re going to save the
planet, we’ll have to change the way they do business.

Together we convinced insurance giant AIG to stop underwriting a
disastrous, climate-wrecking coal mine near the Great Barrier Reef. With
your help now, we can take on the financial industry and win again.

Can you chip in to take on the banks destroying the Amazon?



[ [link removed] ]Donate
$3
now[ [link removed] ]Donate another amount





  Thanks for all that you do,  
Will, Yasmin, Danny and the Ekō team



---------------------------------

More information:

[ [link removed] ]Rains Are Scarce in the Amazon. Instead, Megafires Are Raging. The New
York Times, 09 March 2024

[ [link removed] ]Megafires are spreading in the Amazon — and they are here to stay.
Mongabay, 22 February 2024

[ [link removed] ]Major companies and financial institutions are persistently ignoring
their role in driving deforestation. Forest500 Org, 27 February 2024

[ [link removed] ]New research shows eight major banks responsible for majority of US$ 20
billion in financing for oil and gas companies destroying the Amazon.
Banktrack, 25 July 2023

 

Anything extra raised will power Ekō and our campaigns worldwide fighting
for people and the planet.

 

 

Ekō is a worldwide movement of people like you, working together to hold corporations accountable for their actions and forge a new, sustainable path for our global economy.

Please help keep Ekō strong by chipping in $3. [link removed]
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