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Keyword: alaskaarticrefuge

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  • JPMorgan Chase to stop loans for fossil fuel drilling in the Arctic

    02/24/2020 6:44:59 PM PST · by yesthatjallen · 34 replies
    The Hill ^ | 02 24 2020 | John Bowden
    JPMorgan Chase announced Monday that it is planning to end loans to companies pursuing fossil fuel drilling in the Arctic Circle, according to reports. The Washington Post reported that the bank said that it will soon complete a 2017 commitment to help fund $200 billion in projects to help meet the U.N.'s sustainable development goals, as well as $50 billion for "green initiatives." The bank also plans to phase out all existing and future loans to the coal industry by 2024, and end the financing of oil and gas extraction projects in the Arctic, a region vulnerable to the effects...