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Trump administration lambasts banks that are refusing to finance O&G drilling in ANWR

The Trump administration is pushing back against banks that have announced they won’t finance oil drilling operations in the Arctic National Wildlife Refuge (ANWR), arguing that banks must provide “fair access to all legal businesses.”

“Oil is the most actively traded commodity in the world,” Brian Brooks, acting comptroller of the currency at the Treasury Department, wrote to Sen. Dan Sullivan (R-Alaska). “Given the industry’s importance and ubiquity in our daily lives, I am skeptical of claims that the sector poses a ‘reputational risk’ to the banks that serve it.”

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