From The Sierra Club:
“Drilling in the Arctic Refuge would permanently destroy the primary food source of the Gwich’in people, our culture, and our way of life,” Bernadette Demientieff, executive director of the Gwich’in Steering Committee, said in a statement. “We’re glad to see Goldman Sachs recognize that the Arctic Refuge is no place for drilling, and we hope that other banks, and the oil companies they fund, will follow their lead.”
The new lending policy is a win for environmentalists in the fight to preserve the 1.5 million acres of land on the coastal plains of the Arctic National Wildlife Refuge, which the Trump administration proposed opening for drilling in 2017. Since then, the administration has been working to expedite the environmental review process in order to meet its goal of holding a lease sale in the refuge this year, but in November, the Interior Department announced that it would miss this target.
“the scientific consensus, led by the Intergovernmental Panel on Climate Change, that climate change is a reality and that human activities are responsible for increasing concentrations of greenhouse gases in the earth’s atmosphere.”
“we need to focus our efforts on the other US funders that are notorious for propping up dirty fuels: Wells Fargo, Citi, JP Morgan Chase, Bank of America, and Morgan Stanley.
Send a message to the CEOs of the other major US banks, telling them that bankrolling Arctic drilling isn’t just bad business — it’s a threat to Indigenous human rights and to the climate.“
Small steps add up.
