[ [link removed] ]Tell BlackRock: Stop financing the destruction of the Amazon

The petition to BlackRock reads:
"Your investments in oil, mining and agribusiness in the Amazon are
quickly destroying rainforests, violating indigenous rights and worsening
our climate crisis. Stop funding the destruction of the Amazon and
destroying the homes of its indigenous inhabitants."

Add your name:

[ [link removed] ]Sign the petition ►

Dear John,

[ [link removed] ]Tell BlackRock: Stop
financing the destruction
of the Amazon

The Earth's lungs are on fire.

The record-setting destructive fires spreading quickly across Amazon
rainforests are up 80% over last year and nearly all are human-caused,
likely set by ranchers, loggers and fossil fuel interests emboldened by
Brazil's extreme right-wing president Jair Bolsonaro, who has declared
that the Amazon is open for business.^1,2

BlackRock, the world's largest asset manager, is cashing in on Amazon
destruction by investing millions in the oil, mining and agribusiness
industries in Brazil that are destroying rainforests and indigenous homes
and worsening the climate crisis.

Companies that are devastating the Amazon – and our planet – wouldn't be
able to continue operations without the backing of BlackRock and other
massive investment firms. We must demand that BlackRock divest completely
from these operations immediately.

[ [link removed] ]Tell BlackRock: Stop financing the destruction of the Amazon. Click
here to sign the petition.

Bolsonaro campaigned on loosening restrictions on development and
deforestation and promoting business interests in the Amazon, and he kept
his promises: Since Bolsonaro took office and prior to the most recent
fires, the Brazilian Amazon had lost a staggering 1,330 square miles of
forest, a 39% increase over this time last year.^3 In Trumpian fashion,
Bolsonaro even promoted wildly false conspiracy theories to cover for his
government's anti-environmental policies, blaming non-governmental
organizations who work to protect rainforests for setting the fires.^4

With Bolsonaro's Amazon deregulation campaign, BlackRock sees opportunity
as the world's largest investor in fossil fuel extraction, especially in
the Amazon.^5 Yet, publicly, BlackRock and its CEO Larry Fink are on a
campaign of their own: to greenwash BlackRock's role in rainforest
destruction and climate change by offering "sustainable" investment
products and marketing itself as a socially responsible model corporate
citizen – all while the companies it invests in are causing untold
destruction to the environment and the health and livelihoods of
indigenous people living in the Amazon.

It's clear that Bolsonaro won't end the massive deforestation activities
wreaking havoc across the region. But if enough of us call out BlackRock's
active role financing Amazon destruction, we can help stop it from getting
any worse. That's why we must speak out now.

Tell BlackRock: Stop financing the destruction of the Amazon. Click the
link below to sign the petition:

[ [link removed] ][link removed]

Thank you for speaking out.

Heidi Hess, Co-Director
[ [link removed] ]CREDO Action from Working Assets

Add your name:

[ [link removed] ]Sign the petition ►

References:

 1. Jessie Yeung, "[ [link removed] ]Blame humans for starting the Amazon fires,
environmentalists say," CNN, Aug. 23, 2019.
 2. Leila Salazar-López, "[ [link removed] ]Bolsonaro Wants to Plunder the Amazon. Don’t
Let Him." The New York Times, Jan. 29, 2019.
 3. Letícia Casado and Ernesto Londoño, "[ [link removed] ]Under Brazil’s Far-Right
Leader, Amazon Protections Slashed and Forests Fall," The New York
Times, July 28, 2019.
 4. Tim Marcin, "[ [link removed] ]Brazil's President Bolsonaro Is Now Spreading
Conspiracy Theories About the Amazon Fires," VICE, Aug. 22 2019.
 5. BlackRock's Big Problem, "[ [link removed] ]BlackRock’s Sustainable ETFs:Green
Business or Greenwash?" accessed Aug. 23, 2019.

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