Curious about the rise of asset manager capitalism and how it's impacting the U.S. infrastructure deal and climate policy? @KateAronoff's latest piece breaks it down clearly – and the implications are not good for our climate. newrepublic.com/article/163147…
.@blackrock has investments in every. single. sector. This means it wants to lower its exposure to climate risks but wants the people to do all the work.

“Ask not what BlackRock can do for climate policy. Ask what climate policy can do for BlackRock,” writes @KateAronoff.
.@blackrock is pioneering a model to make the public carry the burden of climate finance by asking the World Bank and IMF to “essentially transform into insurance companies” to protect private investment into green energy, but also for existing investments in fossil fuels.
Asset managers want it all. Despite @blackrock’s greenwashing, it has no other interest than maximizing profit. This means it will hold onto its investments in fossil fuels while pushing government policies to protect the company from the inevitable fallout of stranded assets.
This hedging of bets by protecting dirty investments is made clear by @blackrock, @vanguard_group, and @state_street’s over $46 billion in debt & equity in oil companies operating in the Amazon, polluting the ecosystem & violating #IndigenousRights. amazonwatch.org/news/2021/0629…
This is why building people-power to cut off the flow of money from asset managers to climate-destroying industries is essential. Join us in demanding that financial institutions #DefundClimateChaos by COP26! Take action👇actionnetwork.org/forms/sign-the…

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More from @amazonwatch

30 Jun
Today, Brazil’s Supreme Court could define the future of Indigenous land demarcation. It's expected to rule on the “Marco Temporal,” or #TimeLimitTrick, an unconstitutional legal tool created by extractivist lobbies interested in exploiting Indigenous lands in Brazil.
The #TimeLimitTrick is a legal interpretation that claims that Indigenous groups only have the legal right to territory that they were physically occupying as of October 5, 1988 – the day the most recent Constitution was approved. #MarcoTemporalNão
This legal loophole willfully ignores the brutal history of forced displacement of Indigenous peoples, land theft, and violence that occurred before 1988. Instead, it seeks to limit Indigenous territories to only what had not already been stolen from them. apiboficial.org/2021/06/29/bra…
Read 6 tweets
17 Apr 20
Deforestation has exploded in the Brazilian Amazon– having almost doubled in 2019. Illegal loggers & land grabbers have not stopped destroying the forest with the onset of the pandemic.

A (very long) thread 1/13

mobile.reuters.com/article/amp/id…
Indigenous communities face the advance of the #COVID-19 in their villages with little help from the government. Without direct intervention by the Brazilian Army and the Federal Police to expel the invaders, a genocide of entire indigenous communities is underway. 2/13
In the first 3 months of 2020, Amazon deforestation was up 51% from a year ago to an area roughly the size of New York City. The Yanomami land, in Roraima state, is overrun by 30,000 illegal goldminers, according to the Hutukara Yanomami Association. #EndAmazonDeforestation 3/13
Read 13 tweets
4 Jan 20
1 We’ve seen lots of articles, posts & tweets, comparing the horrible and devastating #Australia wildfires — to the #AmazonFires. We’ve gotten questions & come across some misinformation about how they are the same & how they are different. Let’s get into it.

A thread.
2 The #AmazonFires were not WILDFIRES, they were intentional. The fires were set by people (mainly men) to clear the Amazon for agribusiness and other extractive industries. Last year saw the highest level of #AmazonDeforestation over the past 11 years.
3 Wildfires are not natural in the Amazon, due to the moist, tropical climate. #Science BUT with increased #deforestation, we run the risk of having parts of the Amazon rainforest turn into a dry savannah. Which COULD increase the potential for wildfires. #TippingPoint
Read 7 tweets
7 Sep 18
STATEMENT: Trade Tribunal Validates Corporate Abuse of Amazonians by Ruling in @Chevron's Favor amazonwatch.org/news/2018/0907…
"It is absurd that an international trade tribunal can circumvent a sovereign democratic nation's independent judiciary. Ecuadorian courts were essentially found guilty of considering the evidence against @Chevron and holding the company to account." - @paulpaz
.@Chevron suit before the Court on Arbitration is its attempt to evade responsibility & accountability for its toxic dumping in the Amazon & example of how corporate interests use every available means, including shadow 'justice' systems, to trample the rights of indigenous ppl.
Read 5 tweets

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