RIO DE JANEIRO, BRAZIL - Major US financial firms are helping fund environmental destruction and indigenous rights abuses in the Amazon with billions of dollars in investments in questionable companies, according to a report published on Tuesday, October 27th, by environmental group Amazon Watch and the Association of Brazil’s Indigenous Peoples (APIB).
Six top investment firms — BlackRock, Citigroup, JPMorgan Chase, Vanguard, Bank of America and Dimensional Fund Advisors — have invested more than US$18 (R$103) billion over the past three years in mining, agribusiness and energy companies involved in a “series of abuses” in the world’s biggest rainforest . . .
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