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Feb 5, 2024
Bank Of America Reverses Course On Pledge To Stop Financing Coal And Arctic Drilling Projects
Bank Of America Reverses Course On Pledge To Stop Financing Coal And Arctic Drilling Projects
Bank of America appears to be reversing course on its pledge to end the financing of coal and arctic drilling projects, the New York Times reported Saturday. In December 2021, the financial services company committed to stopping its direct financing of new coal-fired power plants, thermal coal mines, and arctic drilling. It also noted that it would no longer directly finance the expansion of existing projects. In its "Environmental and Social Risk Policy Framework," the company stated, "
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