BBVA
Headquarters:
Spain
Rank:
#11
$347 million estimated in direct Amazon Oil and Gas since 2016
Total Direct Financing since 2016
$347 million
Total Recent Direct Financing (2024-2025)
$30 million
Key Findings
Recent financing:
Since 2024, the bank provided $30 million in direct financing, dropping its rank to 12th in recent financing, showing signs of exposure decline.
No Amazon Exclusion Policy
Follower in Oil and Gas Policy
Follower in Human Rights and Indigenous Policy
Recommendations
Expand existing exclusions for oil and gas project financing, to include all project-related financing, such as bond deals and any (project or corporate) finance (loans or bonds) that goes to companies with activity in the Amazon Biome
Add the Amazon, as defined by RAISG, and the Mouth of the Amazon sedimentary basin to the list of “unconventional” oil and gas projects, as with the Arctic.
Plan for a total exit from Amazon oil and gas by 2030.
Direct Financing to Amazon Companies Over Time
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