Every major US bank has now come out against Arctic drilling

Every major bank in the U.S. has now ruled out financing oil and gas exploration in the Arctic after Bank of America became the latest American financial institution to say it would not fund such projects. The bank has faced increasing pressure from environmentalists to refrain from financing fossil fuel exploration in the Arctic National Wildlife Refuge (ANWR) due to the potential impact on the indigenous Gwich’in people and endangered species such as polar bears.

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