Every Major Bank Has Now Ruled Out Funding Arctic Drilling
On Monday evening, Bank of America said that it will no longer finance fossil fuel exploration in the Arctic. It joins Goldman Sachs, Morgan Stanley, Chase, Wells Fargo, and CitiBank, which all announced similar policies this year.
A federal judge in Alaska has declared that President Trump’s order revoking a sweeping ban on oil and gas drilling in the Arctic and Atlantic oceans is illegal, putting 128 million acres of federal waters off limits to energy exploration.U.S. District Judge Sharon Gleason, also on Friday blocked a land swap the Interior Department had arranged that would pave the way for constructing a road through wilderness in a major national wildlife refuge in Alaska.
Judge throws out Trump order and restores Obama-era drilling ban in Arctic
A federal judge in Alaska has declared that President Trump’s order revoking a sweeping ban on oil and gas drilling in the Arctic and Atlantic oceans is illegal, putting 128 million acres of federal waters off limits to energy exploration.