The Progressive


A project of Common Dreams

For Immediate Release

Stefanie Spear,, 216-387-1609

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


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.

As You Sow is the nation's non-profit leader in shareholder advocacy. Founded in 1992, we harness shareholder power to create lasting change that benefits people, planet, and profit. Our mission is to promote environmental and social corporate responsibility through shareholder advocacy, coalition building, and innovative legal strategies.