Goldman Sachs Says It Will No Longer Fund Drilling In Arctic

The transcript discusses a bank's plan to invest $750 billion in sustainable development and climate transition by 2030. It highlights regions, including Alaska's Arctic National Wildlife Refuge, where the bank will no longer provide loans for drilling. The bank's CEO emphasizes the urgent need for action and the business case for investing in sustainability. The bank aims to track progress through metrics like carbon reduction and the number of people served. Goldman Sachs is noted as the first major American bank to make such a commitment, joining other banks like the Royal Bank of Scotland and Barclays.

What is the total amount the bank plans to invest in sustainable development by 2030?

• $1 trillion

• $750 billion

• $500 billion

• $1.5 trillion

Which region is specifically mentioned as a place where the bank will no longer provide loans for drilling?

• Antarctica

• Greenland

• Siberia

• Alaska's Arctic National Wildlife Refuge

According to the bank CEO, what is a key benefit of focusing on specific sustainable goals?

• Expansion into new markets

• A set of metrics to track progress

• Increased short-term profits

• Immediate reduction in operational costs

Which major American bank is the first to commit to ending funding for certain projects?

• Wells Fargo

• Goldman Sachs

• Bank of America

• JPMorgan Chase

Which other banks are mentioned as having similar commitments to Goldman Sachs?

• Deutsche Bank and HSBC

• Royal Bank of Scotland and Barclays

• Citibank and UBS

• BNP Paribas and Santander