Protecting critical biodiversity areas from fossil fuel operations

Reclaim Finance calls for the financial sector to stop funding fossil fuel projects in critical biodiversity areas, arguing that current biodiversity commitments are inadequate and that the fossil fuel industry is a primary driver of ecosystem collapse and climate change.

• The fossil fuel production system is a primary driver of biodiversity loss, causing deforestation, habitat fragmentation, persistent pollution, and the degradation of ecosystems near infrastructure, which threatens these environments with collapse.
• Current financial sector efforts to protect biodiversity are insufficient; comprehensive frameworks like the Task Force on Nature-related Financial Disclosures (TNFD) often prioritize transparency over concrete practice changes, while targeted commitments cover only a small fraction of critical areas.
• Specific critical biodiversity areas under threat from fossil fuel extraction include the Amazon, the Arctic, and the Coral Triangle in Southeast Asia. The Coral Triangle, which supports approximately 120 million people, faces threats from over 450 offshore exploration blocks and 31 onshore or floating LNG terminals.
• Financial regulators, central banks, and supervisory authorities should integrate biodiversity protection into bank supervision and monetary policy tools, such as collateral frameworks and prudential transition plans, to address nature- and climate-related risks.

APA

Manickawasagar, A. (2026). Protecting critical biodiversity areas from fossil fuel operations. Reclaim Finance. https://reclaimfinance.org/site/en/2026/04/22/protecting-critical-biodiversity-areas-from-fossil-fuel-operations/

Chicago

Manickawasagar, Aatiraï. Protecting critical biodiversity areas from fossil fuel operations. Reclaim Finance, 2026. https://reclaimfinance.org/site/en/2026/04/22/protecting-critical-biodiversity-areas-from-fossil-fuel-operations/.

Wikipedia

{{cite press release |last1=Manickawasagar |first1=Aatiraï |title=Protecting critical biodiversity areas from fossil fuel operations |publisher=Reclaim Finance |date=22 April 2026 |url=https://reclaimfinance.org/site/en/2026/04/22/protecting-critical-biodiversity-areas-from-fossil-fuel-operations/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{manickawasagar2026protecting, author = {Manickawasagar, Aatiraï}, title = {{Protecting critical biodiversity areas from fossil fuel operations}}, publisher = {Reclaim Finance}, year = {2026}, month = apr, url = {https://reclaimfinance.org/site/en/2026/04/22/protecting-critical-biodiversity-areas-from-fossil-fuel-operations/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }