"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2019-06-11T10:03:50Z"
data-video-section="travel"
data-canonical-url="https://www.cnn.com/videos/travel/2019/06/11/greenlandic-fishing-traditions-under-threat-mxb-lon-orig.cnn"
data-branding-key="project-planet"
data-video-slug="Greenlandic fishing traditions under threat mxb lon orig"
data-first-publish-slug="Greenlandic fishing traditions under threat mxb lon orig"
data-video-tags="arctic,business and industry sectors,business, economy and trade,climate change,continents and regions,energy and environment,energy and utilities,environment and natural resources,greenland,north america,the americas"
data-details="">
Video Ad Feedback
How climate change is threatening fishing on this island
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2019-06-11T10:03:50Z"
data-video-section="travel"
data-canonical-url="https://www.cnn.com/videos/travel/2019/06/11/greenlandic-fishing-traditions-under-threat-mxb-lon-orig.cnn"
data-branding-key="project-planet"
data-video-slug="Greenlandic fishing traditions under threat mxb lon orig"
data-first-publish-slug="Greenlandic fishing traditions under threat mxb lon orig"
data-video-tags="arctic,business and industry sectors,business, economy and trade,climate change,continents and regions,energy and environment,energy and utilities,environment and natural resources,greenland,north america,the americas"
data-details="">
Video Ad Feedback
How climate change is threatening fishing on this island
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2023-03-01T03:05:41Z"
data-video-section="world"
data-canonical-url="https://www.cnn.com/videos/world/2023/03/01/antarctic-sea-ice-record-climate-change-weir-vpx.cnn"
data-branding-key=""
data-video-slug="antarctic sea ice record climate change weir vpx"
data-first-publish-slug="antarctic sea ice record climate change weir vpx"
data-video-tags="antarctica,bill weir,brand safety-nsf oil negative,brand safety-nsf sensitive,business and industry sectors,business, economy and trade,climate change,continents and regions,domestic alerts,domestic-climate crisis,domestic-health and science,domestic-international news,energy and environment,energy and utilities,environment and natural resources,iab-business and finance,iab-environment,iab-industries,iab-power and energy industry,iab-science,international alerts,international-climate crisis,international-health and science,misc people"
data-details="">
Video Ad Feedback
90% of ice around Antarctica has disappeared in less than a decade
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2023-02-28T14:30:16Z"
data-video-section="us"
data-canonical-url="https://www.cnn.com/videos/us/2023/02/28/utah-water-lake-powell-pipeline-bill-weir-dnt-lead-vpx.cnn"
data-branding-key=""
data-video-slug="utah water lake powell pipeline bill weir dnt lead vpx"
data-first-publish-slug="utah water lake powell pipeline bill weir dnt lead vpx"
data-video-tags="bill weir,business and industry sectors,business, economy and trade,continents and regions,energy and utilities,iab-business and finance,iab-industries,iab-power and energy industry,lake powell,misc people,north america,physical locations,pipeline transportation,rivers, lakes and falls (by name),southwestern united states,the americas,transportation and warehousing,united states,utah,utilities industry,water and wastewater management"
data-details="">
Video Ad Feedback
US' fastest-growing metro area is running out of water
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2023-03-08T09:52:52Z"
data-video-section="us"
data-canonical-url="https://www.cnn.com/videos/us/2023/03/07/willow-oil-project-native-american-activists-protest-drilling-alaska-north-slope-contd-orig-dp.cnn"
data-branding-key=""
data-video-slug="Willow Oil Project Native American activists protest drilling Alaska North Slope contd orig dp"
data-first-publish-slug="Willow Oil Project Native American activists protest drilling Alaska North Slope contd orig dp"
data-video-tags="alaska,brand safety-nsf other,brand safety-nsf sensitive,business and industry sectors,business, economy and trade,civil disobedience,continents and regions,domestic alerts,domestic-us news,domestic-us politics,energy and utilities,government and public administration,government bodies and offices,iab-business and finance,iab-industries,iab-politics,iab-power and energy industry,international alerts,international-us news,international-us politics,minority and ethnic groups,native americans,north america,northwestern united states,oil and gas industry,politics,protests and demonstrations,society,the americas,united states,us federal government,white house"
data-details="">
Video Ad Feedback
'They don't live there': Alaska activists take Willow Project protest to White House
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2023-01-08T18:33:36Z"
data-video-section="world"
data-canonical-url="https://www.cnn.com/videos/world/2023/01/06/coral-seeding-great-barrier-reef-australia-contd-orig-zt.cnn"
data-branding-key=""
data-video-slug="coral seeding great barrier reef australia contd orig zt"
data-first-publish-slug="coral seeding great barrier reef australia contd orig zt"
data-video-tags="australia,brand safety-nsf oil negative,brand safety-nsf sensitive,business and industry sectors,business, economy and trade,climate change,continents and regions,destinations and attractions,domestic alerts,domestic-climate crisis,domestic-health and science,domestic-international news,energy and environment,energy and utilities,environment and natural resources,great barrier reef,iab-attractions,iab-business and finance,iab-environment,iab-historic sites and landmarks,iab-industries,iab-parks,iab-power and energy industry,iab-science,international alerts,international-climate crisis,international-health and science,islands and reefs,landforms and ecosystems,natural wonders,oceania,points of interest"
data-details="">
Video Ad Feedback
See the technique that could help save the Great Barrier Reef
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2021-04-12T11:16:05Z"
data-video-section="world"
data-canonical-url="https://www.cnn.com/videos/world/2021/04/12/where-to-live-climate-change-orig-me.cnn"
data-branding-key="project-planet"
data-video-slug="where to live climate change orig me"
data-first-publish-slug="where to live climate change orig me"
data-video-tags=""
data-details="">
Video Ad Feedback
This Midwest city is becoming a safe haven for climate refugees
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-10-23T18:50:01Z"
data-video-section="us"
data-canonical-url="https://www.cnn.com/videos/us/2022/10/23/mississippi-river-underwater-levee-ricky-boyett-intv-golodryga-nram.cnn"
data-branding-key=""
data-video-slug="mississippi river underwater levee ricky boyett intv golodryga nram"
data-first-publish-slug="mississippi river underwater levee ricky boyett intv golodryga nram"
data-video-tags="government organizations - us,mississippi river,physical locations,rivers, lakes and falls (by name),us army,us army corps of engineers,us department of defense,us federal departments and agencies,armed forces,business and industry sectors,business, economy and trade,clothing and accessories,consumer products,continents and regions,energy and utilities,environment and natural resources,erosion and erosion control,louisiana,military,natural resources management,new orleans,north america,pollution,socks, underwear and nightwear,southeastern united states,the americas,united states,utilities industry,water and wastewater management,water pollution,water resources management"
data-details="">
Video Ad Feedback
Why Army Corps is 'lifting the bottom' of Mississippi River
Goldman Sachs
(GS) is the first big US bank to say it won’t finance new oil projects in the Arctic.
On Sunday, the bank announced a raft of changes to its environmental policies, including a pledge not to finance drilling in the Arctic. The restrictions also rule out projects in Alaska’s Arctic National Wildlife Refuge, which President Donald Trump has sought to open to development.
The funding freeze extends to new thermal coal mine and power plant development around the world, as well as projects that “significantly convert or degrade a natural habitat,” Goldman Sachs said on its website.
The bank also announced a commitment to invest $750 billion over the next 10 years into areas that focus on climate transition and inclusive growth.
Goldman Sachs’ move comes as activists and scientists decried the global climate agreement reached Sunday at a UN summit in Madrid, saying its watered-down language fails to deliver clear carbon-cutting commitments.
Goldman Sachs won praise from environmental groups.
The Rainforest Action Network said in a statement that Goldman’s commitments are the “strongest fossil finance restrictions of any major US bank.”
It still lags behind global competitors though, the environmental organization said.
According to The Sierra Club, more than a dozen of the world’s largest banks have made similar commitments to stop drilling in the Arctic, including UniCredit
(UNCFF), Royal Bank of Scotland
(RBS) and Barclays
(BCS).
The Arctic is warming at a rate of almost twice the global average, leading to rising sea levels, changes in climate and rainfall patterns and more severe weather events, according to the World Wildlife Fund.
Caribous are seen at the Arctic National Wildlife Refuge in Alaska.
The Asahi Shimbun via Getty Images
“Goldman Sachs is right to recognize that destroying the Arctic Refuge would be bad business. We hope other American banks will follow their lead,” Ben Cushing of The Sierra Club said in a statement.
David Solomon, the CEO of Goldman Sachs, meanwhile called on governments to put a price on the cost of carbon in a Financial Times op-ed.
“There is not only an urgent need to act, but also a powerful business and investing case to do so,” Solomon said.
The company said it will “phase out” financing of thermal coal mining companies that do not have plans to diversify away from coal.
In October, the Sierra Club and Rainforest Action Network were part of a wider coalition that urged Goldman Sachs, JPMorgan Chase
(JPM) and other leading investment banks to withdraw financial support for the Saudi Aramco IPO.
According to the coalition, the state-owned oil company, which listed Goldman as a joint financial adviser on its public market debut, is “the world’s largest corporate emitter of carbon dioxide.”
