Treasury Department Proposes Rule Aimed At Banks That Refuse To Lend For Arctic Drilling

Treasury Department Proposes Rule Aimed At Banks That Refuse To Lend For Arctic Drilling

On Friday, the Treasury Department proposed a rule that states that “decisions by banks to not serve a specific customer should be based on individual risks, rather than a categorical exclusion.” according to The Hill.

Why This Matters:  This kind of government mandate overriding the free market smacks of, well, socialism or cronyism or both. And while oil ad gas companies are now hurting, they’ve reaped billions from our dependence on oil and gas for fuel. 

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Let’s Stop Bankrolling Extinction

Let’s Stop Bankrolling Extinction

by Amy Lupica, ODP Contributing Writer According to a new report, last year the world’s largest investment banks invested over $2.6 trillion in industries tied to the destruction of the natural world. The analysis found that 50 top investment banks provided financial services tied to extinctions and ecosystem destruction valued at more than Canada’s GDP.  […]

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Millennials Putting Their Money Where Their Mouths Are

Millennials Putting Their Money Where Their Mouths Are

As NBC News explained, “ESG investing” (environmental, social and governance), “SRI” (socially responsible investing), “CSR investing” (corporate social responsibility) or simply “impact investing,” is a concept has been around for years, but Millennials are charting new territory when it comes to doing good with their money. A rising group of Millennials is changing the way […]

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