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.
A crowd of local activists, joined by representatives from the Gwich’in Steering Committee, Stand.earth, and the Sierra Club, gathered last night outside an oil and gas industry gathering in San Diego to express opposition to drilling in the coastal plain of the Arctic National Wildlife Refuge.
Washington, DC -- Joe Balash, former assistant Interior secretary for land and minerals, is reportedly joining a foreign oil company that stands to benefit from Balash’s push to open the Arctic Refuge for drilling. During his time at Interior, Balash was a main driver of the Trump administration’s rushed attempt to sell off the coastal plain of the Arctic National Wildlife Refuge to fossil fuel companies.
Last night, it was reported that Joe Balash, assistant Interior secretary for land and minerals and driver of the Trump administration’s rushed attempt to sell off the Arctic Refuge for drilling, will leave his job at the end of the month.
The Commonwealth Bank of Australia has joined the growing list of multinational financial institutions that have drawn a hard line against financing for oil and gas drilling or exploration in the Arctic National Wildlife Refuge.
In a new policy statement released today, Morgan Stanley made minor updates to its criteria for financing fossil fuel projects but failed to rule out funding for drilling in the Arctic National Wildlife Refuge.