Washington, DC -- Today, news broke that a proposed Trump administration rule which tries to force banks to lend to fossil fuel companies, without regard to strategic or reputational risks, has been put on hold indefinitely.
drilling
Washington, DC -- Today, just 10 days after the public comment period ended (which saw more than 35,000 public comments), the Trump administration’s Office of the Comptroller of the Currency (OCC) finalized a rule which effectively tries to force banks to lend to fossil fuel companies and other businesses without regard to strategic or reputational risks.
Conservation groups finalized an agreement with the Bureau of Land Management today that blocks drilling on more than 45,000 acres of oil and gas leases until officials revise land-management plans governing approximately 2 million acres of public lands in western Colorado.
The Trump administration will release its draft environmental review tomorrow of a proposal to conduct destructive seismic exploration in the coastal plain of the Arctic National Wildlife Refuge.
The Trump administration opened bidding today in the first auction of California federal public lands to oil companies in eight years. Despite community opposition and ongoing legal disputes, the Bureau of Land Management put over 4,000 acres in Kern County up for sale for oil drilling and fracking.
Today, the US Fish and Wildlife Service (USFWS) released a proposed authorization that would allow for the harassment of threatened polar bears as part of destructive seismic testing for oil in the coastal plain of the Arctic National Wildlife Refuge. Much of the Arctic Refuge is designated as critical habitat for polar bears because mother bears den and nurture their cubs there during the winter.
Today, the Department of the Interior announced that it will hold a lease sale to sell off the delicate coastal plain of the Arctic National Wildlife Refuge for oil and gas drilling on January 6.
Bank of America has reportedly joined its peers and ruled out funding for new drilling in the Arctic, including the Arctic National Wildlife Refuge. Goldman Sachs, Morgan Stanley, Chase, Wells Fargo, and Citi have all announced similar policies this year. Bank of America has faced mounting pressure in recent months from Indigenous communities, environmental advocates, and shareholders to follow suit.
Today, the Trump administration’s Office of the Comptroller of the Currency (OCC) released a new proposal aimed at forcing banks to fund fossil fuel companies.
A new shareholder resolution filed by Trillium Asset Management raises concerns about Bank of America’s refusal to rule out financing for new drilling in the Arctic, including the Arctic National Wildlife Refuge.
Agency is ignoring impacts to people, climate and wildlife, and relying on flawed science in its rushed, secretive process