Bank of America Puts the Freeze on Financing Arctic Oil and Gas Exploration
Earlier this week, Bank of America became the last of the big banks to state that it will not finance oil and gas exploration in the Arctic. This announcement from the company comes after years of pressure from environmental and investor advocates, led by the Sierra Club, the Gwich’in Steering Committee, and Trillium Asset Management. These groups have focused their efforts on financial institutions because their financing is essential to oil and gas development. Getting big banks to back away makes Artic oil and gas projects effectively “unbankable”. For many years, Clean Yield has supported efforts to pressure energy companies and financial institutions to stay out of ANWR, including the recent focus on Bank of America. Read more about the news from Bank of America here.
More News & Insights
Stock Profile: Costco
Explore how Costco’s no-frills business model invests where it counts, from employee well-being and customer value to environmental and community impact.
Speaker Series— Gift Season: Planning Your Charitable Giving from Your Investment Accounts
Join our upcoming webinar about how to align philanthropy and donations with your financial goals for the strongest positive impact.
Impact Profile: Global Village Foods Cooking Up Local Jobs and Bold, Allergy-Friendly Meals
In this impact profile, the Clean Yield Asset Management team visits Global Village Foods, a Vermont-based, Black-owned family business that prepares allergy-friendly, ready-to-eat meals with bold African flavors.