Scotiabank becomes fifth major Canadian bank to refuse to fund oil drilling in Arctic refuge

Scotiabank is the fifth bank in Canada to publicly refuse to bankroll industrial development in Alaska’s Arctic National Wildlife Refuge, the institution announced in a new policy released Monday.

Scotiabank will not provide direct financing or project-specific financial and advisory services for activities that are directly related to the exploration, development or production of oil and gas within the Arctic Circle, including the Arctic National Wildlife Refuge,” the bank said in a statement.

https://thenarwhal.ca/scotiabank-oil-drilling-arctic-national-wildlife-refuge/

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