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Barclays to reject most financing for Arctic drilling
The Hill: U.K.-based international bank Barclays will likely reject opportunities to finance oil and gas drilling in the Arctic as well as other climate change threats, according to a new policy it announced Monday.
In its Energy and Climate Change Statement, the bank said it would be unlikely to finance drilling jobs in Alaska’s Arctic National Wildlife Refuge (ANWR), saying its “particularly fragile and pristine ecosystem” is “central to the livelihoods and culture of local indigenous peoples.”
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