House Democrats urge banks to not fund drilling in Arctic refuge

The Hill ^ | 02 20 2020 | Rachel Frazin

[yesthatjallen]

Dozens of House Democrats are urging several major banks not to fund oil drilling and development in the Arctic National Wildlife Refuge (ANWR), following a similar push by Senate Democrats.

A group of 33 Democratic lawmakers signed a letter spearheaded by Rep. Jared Huffman (D-Calif.) urging the CEOs of JPMorgan Chase, Wells Fargo, Citigroup, Bank of America and Morgan Stanley to stop funding such drilling in the refuge.

The letter was sent Thursday and follows an announcement from Goldman Sachs that it would prohibit financing for new drilling or oil exploration in the Arctic, including in the refuge.

"Roads, pipelines, gravel mines, airstrips, and other facilities that would be developed to support exploration and development on the coastal plain would fragment habitat, displace wildlife, and undermine the wilderness character of the Refuge. Millions of gallons of fresh water needed to support drilling activities could be drained from fragile Arctic rivers. And oil spills, which already occur on the North Slope, would harm fish and wildlife," the lawmakers wrote.

SNIP

[Mastador1]

How do the Dems think banks make their money....by putting in under a mattress?

I always thought it was by paying us one percent interest on money we deposit and charging us twenty percent(yeah okay exaggerated)on money we borrow. Legal usury.