Today, the Royal Bank of Scotland (RBS) released an updated Environmental, Social and Ethical (ESE) risk management framework that rules out financing for oil and gas drilling or exploration in the Arctic National Wildlife Refuge.
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As major financial institutions and oil companies gathered over the last six weeks for their annual general meetings, they faced questions and protests from shareholders and activists urging them not to engage in or give financial support for drilling in the coastal plain of the Arctic National Wildlife Refuge. According to recent comments by Department of the Interior official Joe Balash, the Trump administration aims to hold the first lease sale in the coastal plain before the end of this year.
As Chevron executives and shareholders gather for the company’s annual general meeting, activists plan to rally outside to call on Chevron to pledge not to drill in the coastal plain of the Arctic National Wildlife Refuge.
Aberdeen, Scotland -- At BP’s annual meeting this morning, shareholders passed a resolution calling for the company to lay out a business strategy consistent with the goals of the Paris Climate Agreement. The resolution was supported by BP’s board and passed with 99% of the vote. A second resolution that would have required the company to set targets for reducing emissions from the use of the oil and gas it produces and sells did not pass.
Activists rallied this afternoon outside BP’s US headquarters to call on the oil company to pledge not to drill in the coastal plain of the Arctic National Wildlife Refuge. The rally took place as the company prepares to face shareholders at its annual meeting in Scotland and in the wake of new reporting on BP’s lobbying efforts to see the delicate area opened to destructive drilling.
Washington, D.C. -- In response to today’s U.S. House Natural Resources Committee vote on the bipartisan Arctic Cultural and Coastal Plain Protection Act, Alaska Wilderness League, Natural Resources Defense Council, Sierra Club, The Wilderness Society, Friends of Alaska National Wildlife Refuges, Defenders of Wildlife, Environment America, Trustees for Alaska, Earthjustice and National Audubon Society issue the following joint statement:
As major financial institutions and oil companies prepare to gather for their annual general meetings this spring, they’re facing growing pressure from shareholders and activists to commit not to engage in or give financial support for drilling in the coastal plain of the Arctic National Wildlife Refuge.
A bill introduced in the House of Representatives today would repeal a provision in the controversial December 2017 tax bill that opened up the coastal plain of the Arctic National Wildlife Refuge for drilling. The Arctic Cultural and Coastal Plain Protection Act was introduced by Rep. Jared Huffman along with a total of 100 original co-sponsors.
Today, officials with the Department of the Interior confirmed that destructive seismic testing will not take place in the coastal plain of the Arctic National Wildlife Refuge this winter.
In its newly released 2018 Sustainability Report, National Australia Bank has ruled out financing for drilling in the Arctic Refuge.
This morning, a group of local Indigenous leaders joined representatives from the Gwich’in Steering Committee for an in-person delivery of more than 100,000 letters from across the country to SAExploration’s Houston office urging the company to stay out of the Arctic National Wildlife Refuge. SAExploration is the only company that has applied to do destructive seismic exploration in the refuge’s coastal plain, with plans to begin as soon as next month.
This morning, multinational investment bank Barclays announced a new energy policy that significantly restricts the bank’s financing for the exploration or extraction of oil and gas in the Arctic.