As Bank of America faced shareholders today for its annual general meeting, the bank refused to rule out funding for drilling in the Arctic National Wildlife Refuge.
arctic
Today, multinational investment bank Citigroup released an updated energy policy that rules out financing for oil and gas exploration, development and production projects in the Arctic, including the Arctic National Wildlife Refuge.
This week, as major banks face shareholders for their annual general meetings, they will face pressure from shareholders and activists to commit to ruling out financing for any new drilling in the Arctic, including the Arctic National Wildlife Refuge.
Wells Fargo has released an update to its environmental policy ruling out funding for oil and gas projects in the Arctic region, including the Arctic National Wildlife Refuge
Washington, DC -- Today, the Trump administration’s Interior Department confirmed that it will not be able to update its assessment of any existing oil and gas reserves in the Arctic National Wildlife Refuge until 2023. The administration has not yet set a date for a lease sale in the refuge, and if a sale is held without new seismic data, then companies will be bidding blind.
JPMorgan Chase, the largest bank in the United States, has announced an updated energy policy that rules out financing for new oil and gas drilling in the Arctic, including the Arctic National Wildlife Refuge. The policy also rules out financing for new thermal coal mines and coal-fired power projects worldwide, though the bank failed to put any restrictions on other oil and gas, including fracking and controversial tar sands projects.
This morning, Lloyds Bank, one of the largest banks in the UK, released an updated energy policy that rules out financing for oil and gas operations in Arctic National Wildlife Refuge.
Today, multinational investment bank Goldman Sachs announced an updated energy policy that rules out financing for new oil drilling or exploration in the Arctic, including the Arctic National Wildlife Refuge.
In a submission sent to the United Nations Human Rights Council, Indigenous rights groups raised concerns about human rights violations against the Gwich’in Nation as a result of the Trump administration’s push to sell off the coastal plain of the Arctic National Wildlife Refuge for drilling.
Seattle, WA -- Today, the Seattle City Council joined cities across the country in committing not to do business with any company that seeks to drill in the Arctic National Wildlife Refuge. The vote comes in the wake of historic, bipartisan action in the U.S. Congress to protect the Refuge from drilling.
Today, the Department of the Interior released an environmental impact statement on its plan to hold a lease sale for drilling in the Arctic National Wildlife Refuge. The planned sale will target the coastal plain, the biological heart of the Arctic Refuge, home to lands and wildlife vital for the subsistence way of life of the Gwich’in Nation.
Washington, DC -- A bill introduced in the Senate today would establish the coastal plain of the Arctic National Wildlife Refuge as a wilderness area, permanently protecting it from destructive oil and gas exploration. The Arctic Refuge Protection Act was introduced by Sen. Maria Cantwell (WA); Sen. Tom Udall (NM); Sen. Michael Bennet (CO); Sen. Ed Markey (MA); Sen. Charles Schumer (NY); and Sen.