JPMorgan’s investment totaled $23,687,433

BlackRock Tout Climate Bona Fides While Funding Amazon Oil Drilling

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cheap jordans from china Yet the financial giants continue to fund at least three cheap jordans china free shipping companies that drill for oil in the cheap jordans canada Amazon rainforest, including on tracts of land contested by indigenous tribes, a report released Thursday found. bank by assets, holds nearly $113 million in combined debt and equity investments in South American oil and gas giant GeoPark, Canadian firm Frontera Energy Corporation and Chinese owned Andes Petroleum, according to a16 page report by Amazon Watch, a California based conservation nonprofit. BlackRock, the investment behemoth, owns $567 million in stocks and bonds in GeoPark, Frontera and the two parent companies of buy cheap jordans from china Andes Petroleum. cheap jordans from china

cheap jordans shoes The cheap jordans from china investments highlight the gap between how many major corporations including most big banks and financial firms spend their money and the public positions they take cheap deadstock jordans on climate change. In recent years, corporate giants have pledged to convert their operations to 100 percent renewable energy, issue sustainability reports and broadcast lofty statements in support of action to curb global warming. cheap jordans shoes

cheap jordans free shipping “Like cheap good jordans so many big businesses, JPMorgan Chase and BlackRock greenwash their activities rather buy cheap jordans than apply their resources to real solutions,” cheap air force 1 Leila Salazar Lpez, executive director of Amazon Watch, told HuffPost in a statement. “Our report exposes their complicity in Amazon destruction, and we know savvy investors will respond accordingly, as we’ve seen in the massive divestment from fossil fuels and the financial institutions that bankroll them.” cheap jordans free shipping

cheap jordans on sale Environmental activists have increasingly nice cheap jordans set their crosshairs on major financial institutions. JPMorgan became the target of a new campaign by the well funded Rainforest Action Network in September over the bank’s funding of tar sands oil projects. Bank of America faced similar scrutiny last year for backing a company behind the Dakota Access Pipeline. interests supporting action on climate change at the conference cheap air force , cheap air jordan websites called COP23. from the Paris climate accord and is sending delegates to the Germany meeting to advocate for increased fossil fuel use, another group, including California Gov. Jerry Brown (D) and New York State Comptroller Tom DiNapoli, is slated to stump for reducing the use of the fuels responsible for producing planet cheap jordans discount warming emissions. Among the latter super cheap jordans group will be JPMorgan and BlackRock, as well as representatives from Bank of America, the Coca Cola Company and candy maker Mars Inc. cheap jordans on sale

Cheap jordans Aside from the obvious environmental hazards of drilling for cheap jordans shoes for sale online oil in the fragile and rapidly depleting hub of biodiversity that is the Amazon rainforest, the report focused on tensions between the JPMorgan and BlackRock funded companies and indigenous groups. Cheap jordans

cheap nike shoes GeoPark entered where to buy cheap jordan shoes Peru in 2014, and took a majority stake last December in an oil cheap jordans on sale block located in an area of the Amazon where the indigenous Kichwa and Achuar tribes have been fighting drilling for years. JPMorgan has invested $31,151,656 in the firm, while BlackRock owns a stake worth $6,263,139. cheap nike shoes

cheap jordans sale A block owned by Frontera in the Peruvian Amazon is “infamous for its antiquated, leaky pipeline infrastructure” and its “legacy of dumping billions of gallons of toxic production waters and hundreds of oil spills have left lagoons with oil, contaminated animals, dead fish, cultural knowledge loss, mistreatment of men , women and children,” according to the report. JPMorgan’s investment totaled $23,687,433. BlackRock invested just $18,606. cheap jordans sale

cheap yeezys cheap air jordans for sale online Andes Petroleum was created in the wake of a series of 2009 oil for loans deals between Ecuador and China, which now has a near monopoly on crude exports from the South American nation. The company, which operates exclusively in the Ecuadorian Amazon, has battled the Kichwa and cheap white jordan shoes Spara tribes, who say blocks Andes Petroleum purchased in recent years overlap with their territory. The firm is a joint venture between the China National Petroleum Corporation in which JPMorgan owns a $24,655,800 stake and cheap authentic air jordans BlackRock owns $6,637,000 and Sinopec, in which the firms have investments worth $33,462,670 and $553,991,110 respectively cheap yeezys.