Major banks and insurers have also stopped financing and covering Arctic fossil fuel projects. Banks, insurers, and even oil companies know: Drilling in the Arctic Refuge is bad business. ❌ Banks won’t fund it❌ Insurers won’t cover it❌ Now, even oil companies won’t touch it Drilling in the Arctic Refuge is high risk, low reward. As oil companies terminate and cancel leases, it’s time for Congress to stop the leasing program for good.”Sen. Ed Markey (D-Mass.) “Drilling in the Arctic Refuge poses huge risks to the Gwich’in, to threatened Arctic ecosystems, and to our climate.

Source: Washington Post June 03, 2022 14:33 UTC