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Home Agribusiness Report Reveals $2 Billion of New Financing by Big Banks for Oil...

Report Reveals $2 Billion of New Financing by Big Banks for Oil and Gas in the Amazon

October 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…

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