Environmental advocates have sought to block the Donald Trump administration’s plan to sell oil drilling leases in the Arctic National Wildlife Refuge in Alaska.
NEW YORK: Bank of America said Monday that it would not finance oil and gas drilling projects in the Arctic, the latest large US bank to take the step long sought by environmental advocates.
A Bank of America spokesman confirmed the decision to AFP after it was initially reported by Bloomberg.
Environmental protection organization the Sierra Club welcomed the news.
“Goldman Sachs, Morgan Stanley, Chase, Wells Fargo and Citi have all announced similar policies this year,” the NGO said in a statement.
“Bank of America has faced mounting pressure in recent months from indigenous communities, environmental advocates and shareholders to follow…
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