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Reuters

European banks say they stop funding Amazon oil trade

ZURICH / LONDON (Reuters) – Banks Credit Suisse, ING and BNP Paribas announced on Monday that they had decided to stop funding trading in Ecuadorian-sourced oil, a move that follows pressure from environmental activists in order to protect the Amazon rainforest.The role of European banks in trading oil from regions of the Amazon was highlighted last August, when a report published by the Stand.

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