*[Enwl-eng] Help us stop fracking
ENWLine
I’ve spent the last four years working with people resisting fracking in Vaca Muerta, Argentina.
Fracking companies are dumping toxic waste close to homes and farmland, damaging people’s health and poisoning their water. [1] Local families live in constant fear of earthquakes caused by the fracking process. [2]
Today, we are launching a campaign taking on oil giant YPF [3], the main operator in the region. I’m asking you to stand with us in disrupting their access to money, and ask banks to stop funding them.
YPF is only able to carry out its dangerous, dirty business because of the support they get from big European and U.S. banks like Morgan Stanley, HSBC, and Deutsche Bank. [4]
By lending billions of dollars to, or owning shares in YPF, these banks are enabling destruction and making huge profits while local people suffer from cancer, asthma and skin diseases caused by fracking. [5] To top it off, most of these banks are headquartered in countries and states where fracking is banned, because of how dangerous it is! [6]
If we can cut off the flow of money and show international resistance to fracking in Vaca Muerta, we can slow down and hopefully stop YPF.
Fracking in Vaca Muerta could have deadly consequences outside of Argentina too. Only 4% of the Vaca Muerta region has been developed so far, but YPF has huge expansion plans. [7]
The oil and gas underground there could release 50 billion tons of
CO2 into our atmosphere [8] - pushing the earth further towards
climate breakdown.
That’s why it’s so important that we call out these
banks now - before any new projects get off the ground.
People are coming together across Argentina and the world to stand against the frackers. From indigenous leaders to unions and even the United Nations - people are speaking up. [9]
We know this kind of pressure works.
Recently, many banks tied to YPF, ruled out funding another destructive project - the East African Crude Oil Pipeline (EACOP) - because of international resistance from our movement. [10]
That’s why I am asking you to stand with the people of Argentina today, Vladimir. Call on the banks funding YPF to stop funding destruction and fund the just transition instead. Ask them to help bring good jobs, real progress and climate justice to Argentina.
I hope we can count on your solidarity in this fight.
In determination,
Ilan Zugman, 350 Latin America Team Lead
P.S. Today we also launched a video exposing the impacts of fracking in Argentina - please watch and share with your friends and family on Twitter or Facebook.
References
[1] Mapuche group files lawsuit over pollution | BA Times
[2] Vaca Muerta - Global Oil and Gas Exit List
3] Yacimientos Petrolíferos Fiscales is a a state-owned Argentinian energy company, widely known as YPF.
[4] Vaca Muerta Financiers - BankTrack
[5] Vaca Muerta - Global Oil and Gas Exit List>
[6] Vaca Muerta Mega Project - A Fracking Carbon Bomb in Patagonia - EJES
[7] Vaca Muerta Mega Project - A Fracking Carbon Bomb in Patagonia - EJES
[8] Vaca Muerta Mega Project - A Fracking Carbon Bomb in Patagonia - EJES
[9] Vaca Muerta - Global Oil and Gas Exit List
[10] Financiers abandoned EACOP - StopEACOP.net
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