Skip to comments.Democratic senators ask banks to prohibit funding Arctic drilling
Posted on 02/03/2020 6:21:03 PM PST by karpov
A group of 15 Democratic senators wrote to 11 major banks last week asking them to ban funding oil and gas drilling or exploration in the Arctic National Wildlife Refuge.
"The scale of your banks assets individually, let alone together, give you the ability to drive change in protecting the Arctic National Wildlife Refuge and in shifting towards a U.S. financial sector that effectively analyzes and plans for climate risks," the senators wrote.
"We respectfully urge you to reassess your current environmental and climate policies and update them to include a prohibition on funding for oil and gas drilling or exploration in the Arctic National Wildlife Refuge," they continued.
Their letter follows a December announcement by Goldman Sachs that it would prohibit financing for new drilling or exploration in the Arctic, including in the refuge.
"As one of the largest banks operating in the United States, we write to ask that you join your peers in the U.S. and abroad and commit to stop financing of oil and gas drilling and exploration in the Arctic National Wildlife Refuge," the letter stated.
"Protection of the Arctic National Wildlife Refuge is not only intrinsically important, it is also critical in the broader context of wilderness protection, Indigenous rights, working to combat climate change, and preparing the U.S. economy to weather the growing impacts of the climate crisis," it added.
Their letters were addressed to executives at JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc., Wells Fargo & Co., Morgan Stanley, U.S. Bancorp, PNC Financial Services Group Inc., TD Bank, Capital One Financial Corp., Citizens Financial Group Inc., and HSBC North America Holdings Inc.
The letters were signed by [Democratic senators Heinrich, Schatz, Merkley, Booker, Hirono, Udall, Gillibrand, Harris, Van Hollen, and Leahy].
(Excerpt) Read more at thehill.com ...
Sounds like abuse of power to me. Shakedown, pure and simple.
Like all the banks are going to roll over?
too late. dry hole. mad max is chaircreature of the house banking committee, so the banks have already been shaken down by an expert.
Bank agrees, power goes off. Easy peasy!
Then there’s the $700 BILLION bailout.
because demtards can’t get wacky laws passed.
It’s time to cut power and fuel to every Democrat in America.
Let them lead by example.
Sounds like subversive treason to me.
Liberal Fascism confronts Patriotic Capitalism.
They are doing the same with banks who finance domestic arms manufacturers.
This is a direct interference with the Freedom and Liberty of Americans.In fact it is a Saul Alinsky tactic out of Rules for Radicals.The Liberal Fascist Autocrats want to take over even though they cannot be elected.
There needs to be a civil rights case about it.
And if you do not think it Liberal Fascism, this is a good read about the historical evolution of Liberal Fascism:
“Barack Obama: The Quintessential Liberal Fascist”
A RICO Act prosecution and/or investigation into their conspiracy is in order.
This is OUTRAGEOUS. They cannot get what they want through the normal legislative means, so they go out and THREATEN banks to get their way? That’s not the way things work in the USA.
can’t do it in congress so they sabotage the economy.
Impeach them all.
If BOA signs on, I am OUT the very next day. EF this BS PC garbage.
...or ignore these soon to be unemployed Phucks and make millions.
They ask now. They will not allow it when/if they are in charge again. Bastards wont be happy until we are dying in the dark.
It angers me, because it demands of banks that they obey politicians who have not been able to prevail in our government.
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