Goldman Sachs Stops Funding Arctic Drilling, Prohibits Coal Plant Financing Worldwide

WASHINGTON – Goldman Sachs announced Sunday policies to increase restrictions on global coal funding, end direct project funding of Arctic oil and gas projects, while also announcing increased funding of sustainable projects. 

Danielle Fugere, President of As You Sow, had this to say about the announcement:

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“We welcome this announcement as an important step in what we hope will be stronger action by Goldman Sachs and other U.S. banks to limit funding of fossil fuel projects and companies. As climate impacts continue to ravage the global economy, banks must take responsibility for their role in funding fossil fuel development that drives global temperature increases. We support Goldman’s leadership.”   

For more information on As You Sow’s work on climate change, click here.

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