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TD Bank says it will not finance oil and gas activities in the Arctic

The Canadian bank joins a growing list of major financial institutions to rule out Arctic oil and gas financing.

By Nichola Saminather, Reuters November 9, 2020
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TORONTO — Toronto-Dominion Bank on Monday said it will not provide project-specific financial services for oil and gas-related activities in the Arctic Circle as part of its plan to get to net-zero emissions by 2050, joining a host of global lenders in taking similar action.

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