Goldman Sachs Stops Funding Arctic Drilling, Prohibits Coal Plant Financing Worldwide

FOR IMMEDIATE RELEASE

MEDIA CONTACT: Stefanie Spear, [email protected], 216-387-1609

BERKELEY, CALIFORNIA—DEC. 16, 2019—Goldman Sachs announced Sunday policies to increase restrictions on global coal funding, end direct project funding of Arctic oil and gas projects, while also announcing increased funding of sustainable projects. 

Danielle Fugere, President of As You Sow, had this to say about the announcement:

“We welcome this announcement as an important step in what we hope will be stronger action by Goldman Sachs and other U.S. banks to limit funding of fossil fuel projects and companies. As climate impacts continue to ravage the global economy, banks must take responsibility for their role in funding fossil fuel development that drives global temperature increases. We support Goldman’s leadership.”   

For more information on As You Sow’s work on climate change, click here.

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As You Sow is a nonprofit organization that promotes environmental and social corporate responsibility through shareholder advocacy, coalition building and innovative legal strategies. Click here to see As You Sow’s shareholder resolution tracker.