Why Is Bank of America Still Open to Funding the Destruction of Our Homelands in the Arctic?
By Bernadette Demientieff and Siqiñiq Maupin
September 21, 2020
We stand together, the Iñupiat and the Gwich’in, in calling on Bank of America to listen to Indigenous people, protect our homelands, and stay out of the Arctic Refuge.
Bank of America’s customers may have noticed that recently the bank has been standing out from the rest of its peers. Unfortunately, it hasn’t been in a good way. Right now, Bank of America is the only major American bank that has not yet ruled out funding for destructive drilling in the Arctic National Wildlife Refuge.
Over the last year, every other major American bank—Goldman Sachs, Wells Fargo, Chase, Citi, and Morgan Stanley—have joined more than two dozen financial institutions worldwide in updating their lending policies to exclude funding for new drilling in the Arctic, including the Arctic Refuge. Indigenous human rights are being upheld in these new policies and pave the way towards a just transition into a sustainable economy.