Three European banks Quit Amazonian Oil Trade

BNP Paribas, Credit Suisse and ING have recently announced to stop funding oil extraction in the Amazon area of Ecuador. For years, the forest populations have been fighting against the pollution caused by mining and oil extraction that over time has transformed parts of their ancestral lands into pools of polluting waste and poisoned the air with flaring gas. The announcement of the three credit giants seems not only a symbolic move but a first step towards a more careful business management of the environmental issue.