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Channel: Canada – Institute for Energy Economics & Financial Analysis
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Banks using loopholes to dodge pledges to stop funding Arctic drilling

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Wall Street Journal ($): Some of the world’s largest banks, including Goldman Sachs Group Inc., HSBC Holdings and BNP Paribas SA pledged in recent years to stop direct financing of Arctic oil exploration. The idea was to choke off money for fossil-fuel extraction in a pristine natural environment. A battle has broken out among investors, […]

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