As we shared with you a few weeks ago, an unexpected announcement jolted Latin American news outlets. The major accounting firm PricewaterhouseCoopers announced it has decided not to audit the financial statements of its former client, Petroperú. The oil company’s toxic reputation led an Indigenous delegation to travel to Germany to call out the financial actors complicit in the destruction wrought by oil extraction in the Amazon.

In July, we accompanied the delegation from the Wampis and Achuar Nations. We arrived in Frankfurt, Germany to launch a campaign asking Deutsche Bank how it could possibly place its trust in a company with Petroperú’s background. Did the bank utilize any type of filter prior to making the decision to finance the construction of oil infrastructure? Did the bank even consider its own commitments to sustainability or human rights?

What Peru’s economic policy needs is a just transition beyond fossil fuels, and instead Deutsche Bank financed exactly the opposite. The Wampis and Achuar traveled for days to give the bank this direct message and make sure that it was heard. Petroperú cannot escape its financial scandals, even in Europe.

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