Goldman Sachs to Move Funding Away from Coal, Arctic Oil

U.S. investment bank Goldman Sachs announced policies on Sunday that will restrict its funding of coal, end direct funding of Arctic oil and gas projects and increase funding for sustainable projects. 

The company said in its policy framework: “We take seriously our responsibility for environmental stewardship and believe that as a leading global financial institution we must play a constructive role in helping to address environmental challenges.

”The framework recognizes climate change is one of the most significant environmental challenges of the 21st century, which is also linked to other important issues, including economic growth and development, poverty alleviation, access to clean water, food security and adequate energy supplies.

The company will expand its clean energy target to…

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