Sign here to tell big banks: Stop financing climate disasters and respect Indigenous rights
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Beyond Extreme Energy
Climate Hawks Vote
Friends of the Earth Action
Honor the Earth
Indigenous Environmental Network
Native Organizers Alliance
New Economy Coalition
This October, more than 90 of the world’s largest banks will meet in Brazil to recommit to the Equator Principles, a set of rules guiding which big infrastructure projects they will and won't finance.
Now is the time for them to act on their supposed principles. They must stop financing climate change and respect Indigenous peoples’ rights. Sign now to demand that they make commitments to change.
These “Equator banks” have all promised to avoid or minimize the social, environmental and climate impacts of such projects, and to respect the rights and interests of Indigenous communities affected by them. However...
These Principles for banks to follow sound good – but they’re not working.
The Principles as they are written now are not stopping banks from financing disaster projects that are destroying our climate. Nor are these Principles stopping banks from trampling on the rights of Indigenous peoples, fully recognised in international law, to reject projects they do not want in their territories.1
The U.S. Dakota Access Pipeline, fiercely opposed by the Standing Rock and Cheyenne River Lakota Tribes, and the Honduran Agua Zarca hydro project, where Indigenous leader Berta Cáceres was murdered for leading the Lenca people’s opposition to the project, are but two examples of projects financed by banks under the Equator Principles.
Sign here to demand that the Equator Banks act decisively when they meet October 23-25 in São Paulo, Brazil, and commit to stop financing climate disasters and respect Indigenous peoples’ rights and land.
1. Coal power plants, coal mines, tar sands exploration and transport, oil pipelines, fracked gas plants, deepwater oil rigs, oil exploration in the Arctic, and more have all qualified as ‘responsible’ projects under the Equator Principles, as have projects that violate international Indigenous rights. From the Americas to Australia, Indigenous peoples find themselves on the front line of struggles against fossil fuel extraction and transport projects, and also large hydro and other infrastructure projects that threaten their lands and way of life.