BlackRock, JP Morgan, Citi finance firms risking Amazon destruction

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By Jon Hay
29 Oct 2020

Outrage at the destruction of the Amazon rainforest — which often involves dispossessing indigenous people — is common among capital markets executives. But few realise that their own firms are financing it.

BlackRock, Vanguard, JP Morgan, Citigroup and Bank of America — which all have well publicised commitments to environmental and social good — are high on the list of institutions directing money to companies that risk damaging this fragile place.

They are not alone. The prominence of some of ...

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