Citing climate change, Goldman Sachs rules out new Arctic oil financing
The major U.S. investment bank acknowledged that a changing climate is linked to a raft of social and economic issues.
December 16, 2019
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After previously declaring there was no economic rationale for Arctic oil and gas drilling, Goldman Sachs now says it will go a step further and refuse to finance new oil projects in the region, in part on environmental and social grounds.
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