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Dutch ING bank will no longer finance oil and gas in Peru amid calls by indigenous communities to protect the Amazon

RIO DE JANEIRO, BRAZIL - Dutch investment bank ING will not finance oil and gas trading in Peru due to concerns over the industry's impact on indigenous communities in the region declared as Sacred Water Zones in the Amazon, a document accessed by Reuters showed.

The decision marks a policy breakthrough for the company after it halted similar financing in Ecuador earlier this year, along with peers including Credit Suisse and BNP Paribas, following pressure from activists.

Read also: Check out our coverage on Peru

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