After a few years of progress, fossil fuel financing is rising again. In 2024 alone, banks like Citi, Santander, and HSBC poured $162 billion into FF projects— funding climate destruction as glaciers melt and frontline communities disappear
Read Stand.earth's statement - stand.earth/press-releas...
Posts by Martyna Dominiak
At Stand.earth, we’re preparing to release new data exposing which financial institutions are bankrolling oil and gas expansion in the Amazon. As we approach the first-ever climate COP hosted in the #Amazon, civil society and Indigenous communities are mobilizing like never before. Watch this space!
2. #Brazil, a self-proclaimed climate leader, is auctioning off 145,000 km² of new oil and gas blocks — including 47 in the #Amazon. This opens the door to further devastation in one of the most critical ecosystems on Earth. Who’s lining up to finance this reckless expansion? We’ll know soon enough
Two major developments today offer a grim snapshot of hypocrisy at its worst -- In a world screaming for climate action, there is only one response from banks& govts: More drilling.
1. The 2024 #BOCC report is out — and the numbers are staggering
#BankingOnClimateChaos #climate #climatefinance
Photo of campaigners in the Congress of Peru.
💡 Stand’s senior #ClimateFinance campaigner Martyna Dominiak @mmartyna.bsky.social will share key findings of our “Greenwashing the Amazon” report, as well as policy recommendations to address oil and gas financing in the region.
Bonus for burning the planet? While #Santander fossil financing is scaling up (from 8,2B in 2022 to 14,5B in 2023), so is their CEO's salary
"Santander's exec chair Ana Botin was paid 13.77 million euros in 2024, 13% higher than the year before"
And how was your pay rise this year?
#climatecrisis
At #cop29 I’ve met with Livia Duarte, the Deputy of the Brazilian Congress. We talked about @stand.earth research on Brazilian and international banks financing oil&gas in the Amazon. Looking forward to working closer with Parliamentarians For a Fossil Free Future
#ExitAmazonOilandGas