Bank of America is the latest large U.S. bank to announce it will not finance oil and gas drilling projects in the Arctic, according to Yahoo News.
Goldman Sachs, Morgan Stanley, Chase, Wells Fargo and Citi have all adopted similar policies this year.
Bank of America’s decision follows the Trump administration’s decision to launch the formal process of selling oil drilling leases in the Arctic National Wildlife Refuge in Alaska.
Learn more: Yahoo News > Bank of America Latest to say no to financing Arctic drilling
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