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| Europe |
| Alaska’s government retaliates after Goldman Sachs drops Arctic oil investments |
| 2019-12-22 |
| [ADN] This week, mega-bank Goldman Sachs said it would no longer finance new oil exploration in the Arctic as part of a broader move away from fossil fuels. Now, Gov. Mike Dunleavy says he is reconsidering whether Alaska should do business with the bank, and the Alaska Department of Revenue has already booted Goldman from a billion-dollar plan to borrow money to pay oil and gas drillers. "In response to Goldman’s pledge, the governor’s office has directed the review and where possible without financial or progress impairment, the removal of Goldman from business relations with the state," acting Revenue Commissioner Mike Barnhill wrote in a Friday letter to Goldman’s CEO. Wrapping up a weeklong trip to the East Coast, Dunleavy told news hounds on Thursday that he has "serious questions" about doing business with any company that isn’t willing to work with Alaska. Visiting New York City, Dunleavy spoke about his concerns regarding Goldman to the Wall Street Journal’s editorial board. Seventeen state politicians also signed a letter asking Goldman to reconsider. "I think it’s part of my role to advocate on behalf of Alaska," Dunleavy told news hounds. |
| Posted by:Fred |
| #1 "I think it’s part of my role to advocate on behalf of Alaska" D'yah think? |
| Posted by: Mullah Richard 2019-12-22 10:34 |