Alaska agency plans to halt investment in banks that don’t back Arctic oil and gas projects
Summary by Ground News
The Alaska Industrial Development and Export Authority is eyeing a rule change that will prevent its fund managers from buying securities from banks with policies that prohibit oil and gas development. The resolution is on the table for consideration at the agency's board meeting on Thursday. Bank of America, JPMorgan Chase, Morgan Stanley and Citigroup have said they would pull back from supporting new Arctic oil, gas projects.4 months ago
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