Report: 2025 Banks vs. the Amazon Scorecard
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Changing Ranks for Top 10 Banks
Interactive chart showing bank ranking changes between 2016-2025 and 2024-2025 periods
Key Amazon Oil & Gas Companies
Camisea Gas Complex
The history of the Project Camisea starts in the 1970s when the first forced contacts with the Indigenous Nanti people resulted in deaths that amounted to between 30% to 60% of the population. In 2013, the UN called for the “immediate suspension” of any plans to expand the project due to the threat to survival of isolated and uncontacted peoples living in the territory. Despite these widely known facts, the UN’s position, binding prohibitions of the project and banks’ human rights frameworks, the project and its financing continue with an estimated over $3.085 billion since 2016 to companies in the Camisea Consortium: Pluspetrol Camisea SA, Hunt Oil Peru and Repsol. Recently, the Organisation for Economic Co-operation and Development recognised Pluspetrol’s responsibility for environmental damage and Indigenous rights violations in the Peruvian Amazon.
Top banks financing companies behind the Camisea Consortium (Pluspetrol Camisea SA, HuntOil Peru and Repsol):
Citi, JPMorgan Chase, Bank of America, Credicorp, Scotiabank, Itaú Unibanco, BBVA, Morgan Stanley, Goldman Sachs, Santander, HSBC, Barclays, BNP Paribas, Natixis, NatWest Markets, UniCredit, Societe Generale, Mizuho Financial Group, CaixaBank, Deutsche Bank
Gran Tierra
Canadian company Gran Tierra’s operations in Colombia are focused in the Amazon and in the transition zone between the Andes and the Amazon known as the Tropical Andes. This is one of the richest and most diverse regions on the planet. The company was behind the controversial APE-La Cabaña oil exploratory project, which operated until 2022, leaving behind a severely impacted ecosystem. Indigenous Inga People, who have seven reserves in and around the company’s operations, did not consent to the project and are now seeking justice and reparations after the project’s closure. Gran Tierra is currently expanding its operations in the Colombian and Ecuadorian Amazon.
Top banks financing Gran Tierra*:
Scotiabank, Royal Bank of Canada, Societe Generale, HSBC, Natixis, Bank of America, Export Development Canada, UBS, CIBC, Farringford NV, Trafigura Pte, JPMorgan Chase, KBW, National Bank of Canada
* Our data sources listed some transactions as coming from Undisclosed Advisors and we were unable to find more transparent information
Eneva
Brazilian company Eneva is behind the developing Parnaiba Gas Complex — the biggest carbon bomb in the Amazon — and also a major project extracting gas from Azulão Field. The field is located in a territory that is home to the Mura, Munduruku, and Gavião Peoples, as well as to Indigenous Peoples living in voluntary isolation. In 2025, the Brazilian Federal Court ordered the suspension of Eneva’s gas extraction activities in an area overlapping the Indigenous territory Gavião Real, and prohibited the issuance of new environmental licenses in the Azulão Field. New licensing processes are conditioned to prior consultation with affected communities, and to impact studies on Indigenous Peoples. Despite known legal challenges, financing to Eneva continues, with the company receiving an estimated $383 million since 2024.
Top banks financing Eneva:
Itaú Unibanco, Banco do Nordeste, Banco da Amazonia, Banco Bradesco, Santander, BTG Pactual, Banco do Brasil, XP Investimentos, Arab Banking Corporation
Petrobras
Brazilian oil and gas company Petrobras is behind Block FZA-M-59, located in the Mouth of the Amazon River. The environmental licensing process for this oil block has been mired in technical and legal disputes since the company acquired exploration rights in 2020. Ibama, the agency responsible for environmental licensing in Brazil, initially rejected the license application due to technical inconsistencies. However, under pressure from Congress, Ibama’s president moved forward with the licensing process. In addition to all of these controversies, the process has been advancing without proper consultation processes and FPIC from the region’s Indigenous Peoples and Traditional Communities. Experts warn that opening this block could set a precedent for new licenses in nearby areas, becoming a gateway for other authorizations in the area.
Top banks financing Petrobras:
Santander, JPMorgan Chase, Bank of America, Citi, HSBC, Banco do Brasil, Itaú Unibanco, Banco Bradesco, BNP Paribas, Scotiabank, Morgan Stanley, Credit Agricole, Mizuho Financial Group, Bank of China, Sumitomo Mitsui, Mitsubishi UFJ Financial Group, Goldman Sachs, Standard Chartered PLC, Deutsche Bank, ICBC
Gunvor Group Ltd
Oil and gas traders play a central role in fossil fuel markets, acting as intermediaries that buy, sell, and transport fuels worldwide. Traders enable the flow of oil and gas from producers to consumers and often invest in related infrastructure such as refineries and terminals. Gunvor, one of the largest traders, has been particularly controversial. In 2024, the Geneva-based oil trader pleaded guilty and agreed to pay $662 million to resolve U.S. and Swiss charges over corruption in Ecuador. Gunvor’s affiliate bribed Ecuadorian officials to secure favorable oil deals between 2013 and 2020.52 Investigations indicate that Gunvor and its affiliates may have siphoned an estimated $4 billion USD from the country.
Top banks financing Gunvor:
ING, UBS, Natixis, Credit Agricole, Cooperatieve Rabobank UA, Societe Generale, DBS Group Holdings, Mizuho Finacial Group, Sumitomo Mitsui, UniCredit, ABN AMRO Bank, Sumitomo Mitsui Trust Holdings, Mitsubishi UFJ Financial Group, First Abu Dhabi Bank PJSC, Oversea-Chinese Banking, Arab Petroleum Investment, Emirates NBD PJSC, Abu Dhabi Commercial Bank PJSC, Raiffeisen Bank International, DZ Bank