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amazon rainforest
'Defeat for Justice': Ecuador to Pay Amazon-Polluting Chevron $220 Million
"A debt is not owed to Chevron. A debt is owed to the Amazonian families still waiting for truth, justice, and full reparation."
Dec 09, 2025
A US advocacy group, American human rights lawyer Steven Donziger, and the group in Ecuador behind a historic legal battle against Chevron over its dumping of toxic waste in the Amazon rainforest are condemning the Ecuadorian government's plans to pay the oil giant hundreds of millions of dollars due to an arbitration ruling.
In response to the legal fight in Ecuador that led to a $9.5 billion judgment against Chevron—which bought Texaco—the fossil fuel company turned to the investor-state dispute settlement (ISDS) system, suing the South American country in the Hague-based Permanent Court of Arbitration. As part of the latter case, Ecuadorian Attorney General Diana Salazar Méndez's office announced Monday that the government would pay the US company only around $220 million, rather than the over $3 billion Chevron sought.
While Chevron said in a statement that it was "pleased with the resolution of this matter" and claimed the decision "strengthened the rule of law globally," and Salazar Méndez's office celebrated the dramatically lower figure, and the Union of Peoples Affected by Chevron-Texaco (UDAPT)—the group that began the case against oil company in 1993—pushed back against the government's framing of the reduction "as if it was a success and an economic achievement."
"The reality is it is a defeat for justice," UDAPT argued in a Tuesday statement. "For 32 years, UDAPT has documented pollution, environmental crime, and lives broken by Chevron, proving what should be obvious: Communities have not recovered, health has not been restored, clean water has not returned, and the territories that sustain life remain contaminated. A debt is not owed to Chevron. A debt is owed to the Amazonian families still waiting for truth, justice, and full reparation."
Amazon Watch deputy director Paul Paz y Miño similarly said Tuesday that "this illegitimate arbitration process is nothing more than Chevron abusing the law to escape accountability for one of the worst oil disasters in history."
"Ecuador's courts ruled correctly and based largely on Chevron's own evidence, that Chevron deliberately poisoned Indigenous and rural communities, leaving behind a mass cancer zone in the Amazon," the campaigner continued. "Adding insult to injury, the idea that Ecuador's people should now pay a US oil company that admitted to deliberate pollution is the epitome of environmental racism."
Ecuadorian President Daniel Noboa "must not honor this ISDS award, and the international community must stand behind the victims of Chevron's crimes and demand that the company clean up Ecuador once and for all," Paz y Miño added. "Amazon Watch stands with the affected Indigenous peoples and communities of the Ecuadorian Amazon. We urge President Noboa to reject this illegitimate award, disclose any negotiations with Chevron, and enforce Ecuadorian law by ensuring Chevron pays its debt to those it poisoned."
Donziger—who was detained in the United States for nearly 1,000 days after Chevron went after him in the American legal system for representing Big Oil's victims in Ecuador—was also sharply critical, saying Tuesday that "the decision by a so-called private corporate arbitration panel that claims to absolve Chevron of its massive pollution liability in Ecuador has no legitimacy and does not affect the historic $9.5 billion damages judgment won by Amazonian communities."
"That judgment still stands as the definitive public court ruling in the case," he said. "The private arbitral panel has no authority over the six public appellate courts, including the Supreme Courts of Ecuador and Canada, that issued unanimous decisions against Chevron and confirmed the extensive evidence that the company devastated local communities by deliberately dumping billions of gallons of cancer-causing oil waste into rivers and streams used by thousands of people for drinking, bathing, and fishing."
"I also strongly condemn President Daniel Noboa for his plans to betray his own people by agreeing to send $220 million from the public treasury to Chevron, a company that owes Ecuador billions under multiple court orders for poisoning vulnerable Indigenous peoples with toxic oil waste," Donziger added. "Noboa would effectively grant Chevron a taxpayer-funded bailout financed by the same citizens who remain victims of the company's pollution. This would be an outrageous dereliction of duty and a violation of his oath of office, warranting removal."
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COP30: Climate Course Correction or Another Collision Course?
With 2024 confirmed as the hottest year ever on record, the US withdrawal from the Paris Agreement, and the massive financial shortfalls left by lackluster negotiations at COP29, this year's climate talks are pivotal.
Nov 09, 2025
The 30th Conference of the Parties to the United Nations Framework Convention on Climate Change will take place in Belém, a remote, underdeveloped, and poor region of the Brazilian Amazon.
Delegates from over 190 countries, NGOs, Indigenous representatives, and Brazil's President Luiz Inácio Lula da Silva, alongside COP President André Corrêa do Lago, will all participate in this year's high-stakes climate negotiations.
Missed Targets and Weak Ambition: It's Now or Never
With 2024 confirmed as the hottest year ever on record, the US withdrawal from the Paris Agreement, and the massive financial shortfalls left by lackluster negotiations at COP29, this year's climate talks are pivotal.
A 2024 report by the UN revealed that current policies put the planet on track to reach a catastrophic 3.1°C warming by 2100 (Emissions Gap Report). This scenario would expose 600 million people to flooding, reduce food yields by half, cause severe water shortages, lead to insurmountable habitat and biodiversity loss, create month-long brutal heatwaves and wildfires, heighten the risks of insect-borne diseases, and profoundly deepen inequalities.
Progress will be stalled unless the global climate investment gap can be closed and pledges are finally turned into real investments.
At last year's summit, it was agreed that at least $1.3 trillion in annual climate finance would be mobilized for developing countries by 2035. This funding is intended to support a just transition to clean energy, climate adaptation policies, and addressing loss and damage from climate change.
Tackling the climate crisis is IMPOSSIBLE without adequate funding. Since President Donald Trump took office, at least $18 billion has been stripped from climate finance—6% of the new global $300 billion annual target. The current pace of financing is entirely insufficient to meet the agreed-upon goals.
At COP30, all members of the UNCCC are expected to publish their Nationally Determined Contributions (NDCs), outlining their national plans to reduce greenhouse gas emissions and adapt to climate impacts.
The NDC Synthesis Report was released in October 2025, which, according to Melanie Robinson, global climate, economics, and finance program director for World Resources Institute, "lays bare a frightening gap between what governments have promised and what is needed to protect people and planet."
Progress will be stalled unless the global climate investment gap can be closed and pledges are finally turned into real investments. This will prove even more difficult as militarization grips the planet. NATO has increased its spending commitments to an unprecedented 5% of GDP, and the EU Special Debts for Rearmament will further siphon money into warmongering, posturing, and weapons stockpiling.
A new initiative, the Global Ethical Stocktake, launched by the President of Brazil, Lula da Silva, and the United Nations Secretary-General, António Guterres, aims to integrate ethical considerations into climate negotiations, an aspect that has previously been omitted.
Jaded by a lack of action in previous COPs, former UN Secretary-General Ban Ki-moon, along with other influential figures such as Mary Robinson and Christiana Figueres, labelled the current climate policy process "no longer fit for purpose."
Finally, a COP President with Credentials: André Corrêa do Lago
This year's COP president holds higher hopes than others. He is a veteran climate diplomat and serves as the current secretary for climate, energy, and environment at the Brazilian Ministry of External Affairs.
He has worked with Brazil's diplomatic corps since 1982 and has represented Brazil in similar negotiations, including as chief negotiator at Rio+20, COP28, and COP29.
In a positive initial call to action, he has called on all stakeholders in the climate negotiations process to "act decisively in the face of climate urgency through an ambitious and integrated Action Agenda at COP30."
A COP Built on Deforestation: Brazil Controversy
The location of this year's climate summit is highly contentious. Destroying thousands of acres of rainforest to make way for a new four-lane highway, which is intended to ease congestion for COP visitors, is a blatant contradiction. This is the very environment Brazil has pledged to protect.
Rather than addressing the concerns, classic greenwashing terms like 'sustainable" are being used to describe the 8-mile road. Cutting through the Amazon rainforest, the road will fragment the ecosystem, disrupt the movement of wildlife, affect the livelihoods of local communities, and be inaccessible to those who live on either side of the highway. It will, however, have bike lanes and solar-powered lights!
The lack of infrastructure in the area means that more than 30 large-scale construction projects will be taking place to accommodate and prepare for the 50,000 expected visitors. The port is being redeveloped for cruise ships, and $81 million will be spent on expanding the airport to double its current capacity.
Emissions, emissions, emissions!
The expansion of the fossil fuel industry seriously contradicts the Brazilian government's climate narrative and threatens the country's credibility at COP30.
After three climate conferences in countries with restrictions on protests, Amazonian leaders and social movements are wary that their participation may be discounted and silenced. Since February, Indigenous groups have been occupying the Secretary of Education and blocking roads that cut through their territories. The protests have already begun.
Brazil is also no climate leader, but rather an empire built on oil. Its vast mining, fossil fuel, and agribusiness sectors mean that Brazil is responsible for more than 4% of total global emissions. In 2023, it emitted 2.3 billion tonnes of greenhouse gases, making Brazil the world's fifth worst polluter.
In this country of deep inequalities, the poor are disproportionately affected by climate change, including sea-level rise; heatwaves; and heavy, erratic rainfalls.
Just weeks before the conference begins, a new bill to dismantle Brazil's environmental license framework was passed. It eases restrictions on oil exploration and road development in the Amazon. A self-licensing process enables fossil fuel and construction companies to act with impunity and avoid the need for impact studies and mitigation measures.
Immediately after the bill change, Petrobras, the country's majority state-owned, scandal-ridden oil company, began drilling for oil a mere 200 miles away from Belém. The license was previously denied due to the risk of widespread biodiversity loss in this fragile ecosystem in the event of a spill. A new report reveals that since 2024, big banks have provided $2 billion in new financing for oil and gas in the Amazon.
Estimates suggest that up to 60 billion barrels of oil may exist in the Brazilian Amazon. If burned, they could emit 24 billion tonnes of carbon dioxide—more than Brazil's emissions over the past 11 years. The expansion of the fossil fuel industry seriously contradicts the Brazilian government's climate narrative and threatens the country's credibility at COP30.
Good COP, Bad COP
"Climate is our biggest war," said Ana Toni, chief executive of COP30.
Hopes are high. Expectations are low. Change is happening, it is just painfully slow.
We need this to be the "delivery COP." One thing is for sure, COP30 will be make or break for people, our precious flora and fauna, and our planet as a whole.
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Report Reveals $2 Billion of New Financing by Big Banks for Oil and Gas in the Amazon
"These investments are complicit in genocide: They are killing our culture, our history, and destroying the biodiversity of the Amazon.”
Oct 21, 2025
A day after the Brazilian state-run oil firm Petrobras announced it would begin drilling for oil near the mouth of the Amazon River "immediately" after obtaining a license despite concerns over the impact on wildlife, an analysis on Tuesday revealed that banks have added $2 billion in direct financing for oil and gas in the biodiverse Amazon Rainforest since 2024.
The report from Stand.earth—and Petrobras' license—come weeks before officials in Belém, Brazil prepare to host the 2025 United Nations Climate Change Conference (COP30), where advocates are calling for an investment of $1.3 trillion per year for developing countries to mitigate and adapt to the climate emergency.
Examining 843 deals involving 330 banks, Stand.earth found that US banks JPMorgan Chase, Bank of America, and Citi are among the worst-performing institutions, pouring between $283 million and $326 million into oil and gas in the Amazon.
The biggest spender on oil and gas in the past year has been Itaú Unibanco, the Brazilian bank, which has sent $378 million in financing to oil and gas firms for extractive activities in the Amazon.
"Oil and gas expansion in the Amazon endangers one of the world’s most vital ecosystems and Indigenous peoples who have protected it for millennia," said Stand.earth. "In addition to fossil fuels leading global greenhouse gas emissions, in the Amazon their extraction also accelerates deforestation, and pollutes rivers and communities."
The group's research found that banks have directly financed more than $15 billion to oil and gas companies in the Amazon region since the Paris Agreement, the legally binding climate accord, was adopted in 2016. Nearly 75% of the investment has come from just 10 firms, including Itaú, JPMorgan Chase, Citi, and Bank of America.
The analysis comes weeks after the UN-backed Net-Zero Banking Alliance said it was suspending its operations, following decisions by several large banks to leave the alliance that was established in 2021 to limit banks' environmental footprint, achieve net-zero emissions in the sector by 2050, and set five-year goals for reducing the institutions' financing of emissions.
"Around 1,700 Indigenous people live here, and our survival depends on the forest. We ask that banks such as Itaú, Santander, and Banco do Nordeste stop financing companies that exploit fossil fuels in Indigenous territories."
Devyani Singh, lead researcher for Stand.earth's new bank scorecard on fossil fuel financing, noted that European banks like BNP Paribas and HSBC have "applied more robust policies to protect the sensitive Amazon rainforest than their peers" and have "significantly dropped in financing ranks."
But, said Singh, "no bank has yet brought its financing to zero. Every one of these banks must close the existing loopholes and fully exit Amazon oil and gas without delay.”
More than 80% of the banks' Amazon fossil fuel financing since 2024 has gone to just six oil and gas companies: Petrobras, Canada's Gran Tierra, Brazil's Eneva, oil trader Gunvor, and two Peruvian companies: Hunt Oil Peru and Pluspetrol Camisea.
The companies have been associated with human rights violations and have long been resisted by Indigenous people in the Amazon region, who have suffered from health impacts of projects like the Camisea gas project, a decline in fish and game stocks, and a lack of clean water.
“It’s outrageous that Bank of America, Scotiabank, Credicorp, and Itaú are increasing their financing of oil and gas in the Amazon at a time when the forest itself is under grave threat," said Olivia Bisa, president of the Autonomous Territorial Government of the Chapra Nation in Peru. "For decades, Indigenous Peoples have suffered the heaviest impacts of this destruction. We are calling on banks to change course now: by ending support for extractive industries in the Amazon, they can help protect the forest that sustains our lives and the future of the planet.”
Stand.earth's report warned that both the Amazon Rainforest—which provides a habitat for 10% of Earth's biodiversity, including many endangered species—and the people who live there are facing "escalating threats" from oil and gas companies and the firms that finance them, with centuries of exploitation driving the forest "toward an ecological tipping point with irreversible impacts that have global consequences."
Oil and gas exploration is opening roads into intact parts of the Amazon and other forests, while perpetuating the new fossil fuel emissions that scientists and energy experts have warned have no place on a pathway to limiting planetary heating.
"With warming temperatures, the delicate ecological balance of the Amazon could be upset, flipping it from being a carbon-absorbing rainforest into a carbon-emitting savannah," reads the group's report.
Jonas Mura, chief of the Gavião Real Indigenous Territory in Brazil, said "the noise, the constant truck traffic, and the explosions" from Eneva's projects "have driven away the animals and affected our hunting."
"Even worse: they are entering without our consent," said Mura. "Our territory feels threatened, and our families are being directly harmed. Around 1,700 Indigenous people live here, and our survival depends on the forest. We ask that banks such as Itaú, Santander, and Banco do Nordeste stop financing companies that exploit fossil fuels in Indigenous territories."
"These companies have no commitment to the environment, to Indigenous and traditional peoples, or to the future of the planet," he added. "These investments are complicit in genocide: They are killing our culture, our history, and destroying the biodiversity of the Amazon.”
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