Bank of America refuses lending for Arctic oil - Front Page Live

Bank of America refuses lending for Arctic oil

Trump rushes to sell land at the Arctic National Wildlife Refuge to oil companies before Biden takes office

Wikimedia commons

Bank of America will not finance oil and gas projects in the Arctic, a senior official told Bloomberg.

It was the last major US bank to publicly rule out funding for Arctic oil extraction. Drilling opponents said the announcement calls into question future Arctic oil and gas extraction.

The Trump administration has made an eleventh-hour push to open the Arctic National Wildlife Refuge to drilling before Joe Biden takes office on January 20.

You May Also Like:

*****
Back To Front Page