{"id":14754,"date":"2021-09-15T09:31:57","date_gmt":"2021-09-15T07:31:57","guid":{"rendered":"https:\/\/reclaimfinance.org\/site\/?page_id=14754"},"modified":"2022-09-27T14:40:48","modified_gmt":"2022-09-27T12:40:48","slug":"protect-the-arctic","status":"publish","type":"page","link":"https:\/\/reclaimfinance.org\/site\/en\/protect-the-arctic\/","title":{"rendered":"Protect the Arctic"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container fusion-parallax-none nonhundred-percent-fullwidth hundred-percent-height hundred-percent-height-center-content non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:140px;--awb-padding-bottom:10px;--awb-margin-top:0px;--awb-margin-bottom:0px;--awb-background-color:#607d8b;--awb-background-image:url(&quot;https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/bck_artic_5.jpg&quot;);--awb-background-size:cover;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-align-content-space-around fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column fusion-animated\" style=\"--awb-padding-top:100px;--awb-padding-right:20px;--awb-padding-left:20px;--awb-padding-top-medium:0px;--awb-padding-right-medium:0px;--awb-padding-bottom-medium:0px;--awb-padding-left-medium:0px;--awb-padding-top-small:0px;--awb-padding-right-small:0px;--awb-padding-bottom-small:0px;--awb-padding-left-small:0px;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:0%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:0%;--awb-width-medium:100%;--awb-order-medium:0;--awb-margin-top-medium:0;--awb-spacing-right-medium:1.92%;--awb-margin-bottom-medium:0;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-margin-top-small:0;--awb-spacing-right-small:1.92%;--awb-margin-bottom-small:0;--awb-spacing-left-small:1.92%;\" data-animationType=\"fadeInDown\" data-animationDuration=\"1.5\" data-animationOffset=\"top-into-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-1 fusion-title-center fusion-title-text fusion-title-size-one\" style=\"--awb-font-size:47px;\"><div class=\"title-sep-container title-sep-container-left\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><span class=\"awb-title-spacer\"><\/span><h1 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;font-size:1em;letter-spacing:;--fontSize:47;line-height:1.23;\"><span style=\"font-weight: normal;\"><span style=\"font-family: Montserrat; font-weight: 600;\" data-fusion-font=\"true\" data-fusion-google-font=\"Montserrat\" data-fusion-google-variant=\"600\">PROTECTING THE ARCTIC FROM <\/span><br \/>\n<span style=\"font-family: Montserrat; font-weight: 600;\" data-fusion-font=\"true\" data-fusion-google-font=\"Montserrat\" data-fusion-google-variant=\"600\">OIL AND GAS EXPANSION<\/span><\/span><\/h1><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><\/div><div class=\"fusion-text fusion-text-1 fusion-animated\" style=\"--awb-content-alignment:center;--awb-font-size:13px;\" data-animationType=\"fadeInDown\" data-animationDuration=\"1.5\" data-animationOffset=\"top-into-view\"><p style=\"text-align: center;\"><span style=\"font-weight: 400;\"><span style=\"font-size: 20px;\" data-fusion-font=\"true\">SEPTEMBER 2021<\/span><br \/>\n<span style=\"font-size: 15px;\" data-fusion-font=\"true\"><br \/>\n<span style=\"font-size: 20px;\" data-fusion-font=\"true\">Reclaim Finance research shows that despite the IPCC\u2019s code red climate warning,<\/span><\/span><br \/>\n<span style=\"font-size: 20px;\" data-fusion-font=\"true\">the oil and gas industry is still <\/span><\/span><span style=\"color: var(--body_typography-color); font-family: var(--body_typography-font-family); font-style: var(--body_typography-font-style,normal); font-weight: var(--body_typography-font-weight); letter-spacing: var(--body_typography-letter-spacing); font-size: 20px; line-height: 30px;\" data-fusion-font=\"true\">expanding into the Arctic region, with the support<br \/>\n<\/span><span style=\"color: var(--body_typography-color); font-family: var(--body_typography-font-family); font-size: 20px; font-style: var(--body_typography-font-style,normal); font-weight: var(--body_typography-font-weight); letter-spacing: var(--body_typography-letter-spacing);\">of major banks, investors and insurers.<\/span><\/p>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div style=\"text-align:center;\"><a class=\"fusion-button button-flat fusion-button-default-size button-custom fusion-button-default button-1 fusion-button-default-span fusion-button-default-type fusion-animated\" style=\"--button_accent_color:#ffffff;--button_accent_hover_color:#525468;--button_border_hover_color:#8fc84c;--button-border-radius-top-left:0px;--button-border-radius-top-right:0px;--button-border-radius-bottom-right:0px;--button-border-radius-bottom-left:0px;--button_gradient_top_color:rgba(138,197,107,0);--button_gradient_bottom_color:rgba(138,197,107,0);--button_gradient_top_color_hover:rgba(143,200,76,0);--button_gradient_bottom_color_hover:rgba(143,200,76,0);--button_margin-top:0px;--button_margin-right:0px;--button_margin-bottom:0px;--button_margin-left:0px;\" data-animationType=\"fadeInDown\" data-animationDuration=\"1.5\" data-animationOffset=\"top-into-view\" target=\"_self\" href=\"#page\"><i class=\"fa-angle-double-down fas button-icon-left\" aria-hidden=\"true\"><\/i><span class=\"fusion-button-text\">Scroll down for the full story<\/span><\/a><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-padding-top-medium:0px;--awb-padding-right-medium:0px;--awb-padding-bottom-medium:0px;--awb-padding-left-medium:0px;--awb-padding-top-small:0px;--awb-padding-right-small:0px;--awb-padding-bottom-small:0px;--awb-padding-left-small:0px;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-margin-top-medium:0;--awb-spacing-right-medium:1.92%;--awb-margin-bottom-medium:0;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-margin-top-small:0;--awb-spacing-right-small:1.92%;--awb-margin-bottom-small:0;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-top:30px;margin-bottom:30px;width:100%;\"><\/div><div class=\"fusion-menu-anchor\" id=\"page\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-bg-parallax\" data-bg-align=\"right center\" data-direction=\"up\" data-mute=\"false\" data-opacity=\"100\" data-velocity=\"-0.3\" data-mobile-enabled=\"true\" data-break_parents=\"0\" data-bg-image=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/bck_artic_4.jpg\" data-bg-repeat=\"false\" data-bg-color=\"#607d8b\" ><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 fusion-flex-container fusion-parallax-up nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-background-position:right center;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:100px;--awb-padding-right:0px;--awb-padding-bottom:100px;--awb-padding-left:0px;--awb-margin-top:0px;--awb-background-color:#607d8b;--awb-background-image:url(&quot;https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/bck_artic_4.jpg&quot;);--awb-background-size:cover;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-2 fusion-title-center fusion-title-text fusion-title-size-one fusion-animated\" data-animationType=\"fadeInLeft\" data-animationDuration=\"1.5\" data-animationOffset=\"top-into-view\"><div class=\"title-sep-container title-sep-container-left\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><span class=\"awb-title-spacer\"><\/span><h1 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:30;line-height:1.4;\"><b><span style=\"font-family: Montserrat; font-weight: 600;\" data-fusion-font=\"true\" data-fusion-google-font=\"Montserrat\" data-fusion-google-variant=\"600\">THE ARCTIC IS A CLIMATE BOMB<br \/>\nREADY TO GO OFF<\/span><\/b><span style=\"font-family: Montserrat; font-weight: 600;\" data-fusion-font=\"true\" data-fusion-google-font=\"Montserrat\" data-fusion-google-variant=\"600\"><br \/>\n<\/span><\/h1><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-4 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling fusion-animated\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:40px;--awb-padding-bottom:0px;--awb-margin-bottom:0px;--awb-background-color:#525468;--awb-flex-wrap:wrap;\" data-animationType=\"fadeInLeft\" data-animationDuration=\"1.5\" data-animationOffset=\"top-into-view\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-4 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-text fusion-text-2 fusion-animated\" data-animationType=\"fadeInLeft\" data-animationDuration=\"1.5\" data-animationOffset=\"top-into-view\"><p style=\"text-align: justify; font-size: 18px;\"><b>The Arctic holds<span style=\"color: var(--body_typography-color); font-family: var(--body_typography-font-family); font-size: 20px; font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing); line-height: 30px;\" data-fusion-font=\"true\"> enough discovered oil and gas reserves to burn 22% of our remaining carbon budget by 2050<\/span><\/b><span style=\"color: var(--body_typography-color); font-family: var(--body_typography-font-family); font-size: 20px; font-style: var(--body_typography-font-style,normal); font-weight: var(--body_typography-font-weight); letter-spacing: var(--body_typography-letter-spacing); line-height: 30px;\" data-fusion-font=\"true\">, if we are to achieve the universally-agreed goal of keeping global warming below 1.5\u00b0C. <\/span><span style=\"color: var(--body_typography-color); font-family: var(--body_typography-font-family); font-size: 20px; font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing); line-height: 30px;\" data-fusion-font=\"true\"><b>Ironically, as the Arctic melts faster and faster, its fossil fuels reserves are becoming more accessible<\/b><\/span><span style=\"color: var(--body_typography-color); font-family: var(--body_typography-font-family); font-size: 20px; font-style: var(--body_typography-font-style,normal); font-weight: var(--body_typography-font-weight); letter-spacing: var(--body_typography-letter-spacing); line-height: 30px;\" data-fusion-font=\"true\">. <span style=\"font-weight: 400;\">And the more oil and gas industry projects in the Arctic, the greater the pollution of the white ice sheets, undermining the vital role they play in cooling down the planet. <\/span><\/span><\/p>\n<\/div><div class=\"fusion-image-element fusion-image-align-center in-legacy-container\" style=\"text-align:center;--awb-margin-top:40px;--awb-margin-bottom:40px;--awb-max-width:150px;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);--awb-filter:hue-rotate(0deg);--awb-filter-transition:filter 0.3s ease;--awb-filter-hover:hue-rotate(100deg);\"><div class=\"imageframe-align-center\"><span class=\" fusion-imageframe imageframe-none imageframe-1 hover-type-none fusion-animated\" data-animationType=\"fadeInLeft\" data-animationDuration=\"1.5\" data-animationOffset=\"top-into-view\"><img decoding=\"async\" width=\"400\" height=\"400\" title=\"iceberg_white\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/iceberg_white.png\" alt class=\"img-responsive wp-image-14842\" srcset=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/iceberg_white-200x200.png 200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/iceberg_white.png 400w\" sizes=\"(max-width: 800px) 100vw, 400px\" \/><\/span><\/div><\/div><div class=\"fusion-text fusion-text-3 fusion-animated\" data-animationType=\"fadeInLeft\" data-animationDuration=\"1.5\" data-animationOffset=\"top-into-view\"><p style=\"text-align: justify; font-size: 18px;\"><b><span style=\"color: var(--body_typography-color); font-family: var(--body_typography-font-family); font-size: 20px; font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing); line-height: 30px;\" data-fusion-font=\"true\"><b>In turn, that means accelerating global warming in the Arctic<\/b><span style=\"font-weight: 400;\">, thawing permafrost and releasing <\/span><span style=\"font-weight: 400;\">methane, a gas 84 times more powerful than C02 in the short term.<\/span><b> It\u2019s a vicious climate circle.<\/b><\/span><\/b><\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-5 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;--awb-margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-section-separator section-separator waves fusion-section-separator-1\" style=\"--awb-spacer-padding-top:15.8203125%;--awb-svg-margin-left:0;--awb-svg-margin-right:0;--awb-sep-font-size:0;--awb-sep-line-height:0;\"><div class=\"fusion-section-separator-svg\"><svg class=\"fusion-waves-candy\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" version=\"1.1\" width=\"100%\" viewBox=\"0 54 1024 162\" preserveAspectRatio=\"none\" fill=\"rgba(255,255,255,1)\"><path class=\"st3\" d=\"M1024.1 54.368c-4 .2-8 .4-11.9.7-206.5 15.1-227.9 124.4-434.5 141.6-184.9 15.5-226.3-41.1-404.9-21.3-64 7.2-121.9 20.8-172.7 37.9v3.044h1024V54.368z\"\/><\/svg><\/div><div class=\"fusion-section-separator-spacer\"><div class=\"fusion-section-separator-spacer-height\"><\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-5 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:80px;--awb-padding-bottom:80px;--awb-background-color:#ffffff;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-center fusion-flex-justify-content-center fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-6 fusion_builder_column_1_3 1_3 fusion-flex-column\" style=\"--awb-bg-color:#ffffff;--awb-bg-color-hover:#ffffff;--awb-bg-size:cover;--awb-width-large:33.333333333333%;--awb-margin-top-large:0px;--awb-spacing-right-large:5.76%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:5.76%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-3 fusion-title-text fusion-title-size-one fusion-animated\" style=\"--awb-text-color:#2e3951;--awb-sep-color:#ffffff;--awb-font-size:42px;\" data-animationType=\"slideInLeft\" data-animationDuration=\"1.5\" data-animationOffset=\"top-into-view\"><div class=\"title-sep-container title-sep-container-left fusion-no-large-visibility fusion-no-small-visibility\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#ffffff;\"><\/div><\/div><span class=\"awb-title-spacer fusion-no-large-visibility fusion-no-small-visibility\"><\/span><h1 class=\"fusion-title-heading title-heading-left md-text-align-center fusion-responsive-typography-calculated\" style=\"margin:0;font-size:1em;--fontSize:42;line-height:1.19;\"><p><span style=\"font-family: Montserrat; font-size: 35px; letter-spacing: 3px; font-weight: 600;\">ENOUGH OIL AND GAS IN THE ARCTIC TO BURN<br \/>\nA HOLE IN<br \/>\nOUR CARBON BUDGET<\/span><\/p><\/h1><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#ffffff;\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-7 fusion_builder_column_2_3 2_3 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:66.666666666667%;--awb-margin-top-large:0px;--awb-spacing-right-large:2.88%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:2.88%;--awb-width-medium:80%;--awb-order-medium:0;--awb-spacing-right-medium:2.4%;--awb-spacing-left-medium:2.4%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-image-element \" style=\"text-align:center;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-2 hover-type-none fusion-animated\" data-animationType=\"slideInRight\" data-animationDuration=\"1.5\" data-animationOffset=\"top-into-view\"><a href=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-01-3-1024x724.png\" class=\"fusion-lightbox\" data-rel=\"iLightbox[f5d1ab55cd306d75631]\" data-title=\"VISUELS-ARCTIC-WEB-01-3\" title=\"VISUELS-ARCTIC-WEB-01-3\"><img decoding=\"async\" width=\"1024\" height=\"724\" alt=\"22% of our carbon budget to stay below 1.5 \u00b0C\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-01-3-1024x724.png\" class=\"img-responsive wp-image-15030\" srcset=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-01-3-200x141.png 200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-01-3-400x283.png 400w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-01-3-600x424.png 600w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-01-3-800x566.png 800w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-01-3-1200x849.png 1200w\" sizes=\"(max-width: 1024px) 100vw, (max-width: 640px) 100vw, 800px\" \/><\/a><\/span><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-bg-parallax\" data-bg-align=\"center center\" data-direction=\"up\" data-mute=\"false\" data-opacity=\"100\" data-velocity=\"-0.3\" data-mobile-enabled=\"false\" data-break_parents=\"0\" data-bg-image=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/bck_artic_3.jpg\" data-bg-repeat=\"false\" data-bg-color=\"#607d8b\" ><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-6 fusion-flex-container fusion-parallax-up nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:110px;--awb-padding-right:0px;--awb-padding-bottom:110px;--awb-padding-left:0px;--awb-margin-top:0px;--awb-background-color:#607d8b;--awb-background-image:url(&quot;https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/bck_artic_3.jpg&quot;);--awb-background-size:cover;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-8 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-4 fusion-title-center fusion-title-text fusion-title-size-one fusion-animated\" data-animationType=\"fadeInLeft\" data-animationDuration=\"1.5\" data-animationOffset=\"top-into-view\"><div class=\"title-sep-container title-sep-container-left\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><span class=\"awb-title-spacer\"><\/span><h1 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:30;line-height:1.4;\"><span style=\"font-weight: normal;\"><br \/>\n<span style=\"font-family: Montserrat; font-weight: 600;\" data-fusion-font=\"true\" data-fusion-google-font=\"Montserrat\" data-fusion-google-variant=\"600\">OIL AND GAS COMPANIES <\/span><br \/>\n<span style=\"font-family: Montserrat; font-weight: 600;\" data-fusion-font=\"true\" data-fusion-google-font=\"Montserrat\" data-fusion-google-variant=\"600\">ARE LOOKING TO EXPAND <\/span><br \/>\n<span style=\"font-family: Montserrat; font-weight: 600;\" data-fusion-font=\"true\" data-fusion-google-font=\"Montserrat\" data-fusion-google-variant=\"600\">INTO THE ARCTIC<\/span><br \/>\n<\/span><\/h1><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-7 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-background-color:#525468;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-9 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-padding-top:70px;--awb-padding-bottom:70px;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:6.72%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:6.72%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-4 fusion-animated\" data-animationType=\"fadeInDown\" data-animationDuration=\"1.5\" data-animationOffset=\"top-into-view\"><p style=\"text-align: justify; font-size: 18px;\"><span style=\"font-size: 20px; line-height: 30px;\" data-fusion-font=\"true\">Despite the importance of the Arctic regions for climate stability, ecosystems and communities, <b>there are 599 oil and gas fields listed in the Arctic region<\/b> as defined by the Arctic Monitoring and Assessment Programme (AMAP). More than 220 of these sites are already in production. <b>Despite heightened costs and extreme conditions, the Arctic frenzy could intensify<\/b>: There are currently 39 oil and gas fields planned for production and 338 other discovered sites could also start developing. If all these future sites found the financial support they require, <b>total reserves under production could double and burn up to 22% of our remaining 1.5\u00b0C carbon budget<\/b>.<\/span><\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-8 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:0px;--awb-padding-right:0px;--awb-padding-bottom:0px;--awb-padding-left:0px;--awb-margin-top:0px;--awb-margin-bottom:0px;--awb-background-color:#ffffff;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-10 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:0%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:0%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-section-separator section-separator curved fusion-section-separator-2\" style=\"--awb-spacer-height:99px;--awb-svg-margin-left:0%;--awb-svg-margin-right:0%;--awb-svg-margin-left-medium:1.92%;--awb-svg-margin-right-medium:1.92%;--awb-svg-margin-left-small:1.92%;--awb-svg-margin-right-small:1.92%;--awb-divider-height:99px;--awb-spacer-padding-top:inherit;--awb-sep-padding:0;--awb-svg-padding:0;\"><div class=\"fusion-section-separator-svg\"><svg class=\"fusion-curved-candy\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" version=\"1.1\" width=\"100%\" height=\"100\" viewBox=\"0 0 100 100\" preserveAspectRatio=\"none\" fill=\"rgba(82,84,104,1)\"><path d=\"M0 0 C 20 100 50 100 100 0 Z\"><\/path><\/svg><\/div><div class=\"fusion-section-separator-spacer\"><div class=\"fusion-section-separator-spacer-height\"><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-9 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:40px;--awb-padding-bottom:30px;--awb-margin-top:0px;--awb-background-color:#ffffff;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-center fusion-flex-justify-content-center fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-11 fusion_builder_column_1_4 1_4 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:25%;--awb-margin-top-large:0px;--awb-spacing-right-large:7.68%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:7.68%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-5 fusion-title-text fusion-title-size-one fusion-animated\" style=\"--awb-text-color:#2e3951;--awb-font-size:42px;\" data-animationType=\"slideInLeft\" data-animationDuration=\"1.5\" data-animationOffset=\"top-into-view\"><div class=\"title-sep-container title-sep-container-left fusion-no-large-visibility fusion-no-small-visibility\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><span class=\"awb-title-spacer fusion-no-large-visibility fusion-no-small-visibility\"><\/span><h1 class=\"fusion-title-heading title-heading-left md-text-align-center fusion-responsive-typography-calculated\" style=\"margin:0;font-size:1em;--fontSize:42;line-height:1.19;\"><span style=\"font-family: Montserrat; font-size: 35px; letter-spacing: 3px; font-weight: 600;\">THE ARCTIC FRENZY COULD INTENSIFY<\/span><\/h1><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-12 fusion_builder_column_3_4 3_4 fusion-flex-column fusion-animated\" style=\"--awb-bg-size:cover;--awb-width-large:75%;--awb-margin-top-large:0px;--awb-spacing-right-large:2.56%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:2.56%;--awb-width-medium:80%;--awb-order-medium:0;--awb-spacing-right-medium:2.4%;--awb-spacing-left-medium:2.4%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-animationType=\"slideInRight\" data-animationDuration=\"1.5\" data-animationOffset=\"top-mid-of-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-image-element \" style=\"--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-3 hover-type-none fusion-animated\" data-animationType=\"slideInRight\" data-animationDuration=\"1.5\" data-animationOffset=\"top-into-view\"><a href=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-02-3.png\" class=\"fusion-lightbox\" data-rel=\"iLightbox[868feffac1fb8d768b9]\" data-title=\"VISUELS-ARCTIC-WEB-02-3\" title=\"VISUELS-ARCTIC-WEB-02-3\"><img decoding=\"async\" width=\"1920\" height=\"1080\" alt=\"the arctic frenzy could intensify\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-02-3.png\" class=\"img-responsive wp-image-15258\" srcset=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-02-3-200x113.png 200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-02-3-400x225.png 400w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-02-3-600x338.png 600w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-02-3-800x450.png 800w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-02-3-1200x675.png 1200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-02-3.png 1920w\" sizes=\"(max-width: 1024px) 100vw, (max-width: 640px) 100vw, 1200px\" \/><\/a><\/span><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-10 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-background-color:#525468;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-13 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-color:#525468;--awb-bg-color-hover:#525468;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-section-separator section-separator curved fusion-section-separator-3\" style=\"--awb-spacer-height:99px;--awb-svg-margin-left:1.92%;--awb-svg-margin-right:1.92%;--awb-svg-margin-left-medium:1.92%;--awb-svg-margin-right-medium:1.92%;--awb-svg-margin-left-small:1.92%;--awb-svg-margin-right-small:1.92%;--awb-divider-height:99px;--awb-spacer-padding-top:inherit;--awb-sep-padding:0;--awb-svg-padding:0;\"><div class=\"fusion-section-separator-svg\"><svg class=\"fusion-curved-candy\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" version=\"1.1\" width=\"100%\" height=\"100\" viewBox=\"0 0 100 100\" preserveAspectRatio=\"none\" fill=\"rgba(255,255,255,1)\"><path d=\"M0 0 C 50 100 80 100 100 0 Z\"><\/path><\/svg><\/div><div class=\"fusion-section-separator-spacer\"><div class=\"fusion-section-separator-spacer-height\"><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-11 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-bottom:61px;--awb-background-color:#525468;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-14 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-padding-top:20px;--awb-padding-right:0px;--awb-padding-bottom:20px;--awb-padding-left:0px;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:6.72%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:6.72%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-5 fusion-animated\" data-animationType=\"fadeInDown\" data-animationDuration=\"1.6\" data-animationOffset=\"top-into-view\"><p style=\"text-align: justify; font-size: 20px; line-height: 30px;\" data-fusion-font=\"true\"><span style=\"font-weight: 400;\">Shockingly, <\/span><b>Arctic oil and gas production is already ramping up<\/b><span style=\"font-weight: 400;\">: <\/span><b>in the next five years, Arctic oil &amp; gas production is set to increase by 20%.<\/b><span style=\"font-weight: 400;\"> There are more than 20 companies developing new oil and gas projects in the Arctic region<\/span><b>. <\/b><span style=\"font-weight: 400;\">We call them the \u201cArctic expansionists\u201d. The number 1 long and short-term expansionist in the Arctic is Gazprom, the biggest Russian energy company and\u00a0 second largest oil and gas producer in the world in 2020. <\/span><b>Gazprom has big plans for the Arctic<\/b><span style=\"font-weight: 400;\"> as 74% of its oil and gas reserves are based there. Russian companies may be leading the oil and gas frenzy in the Arctic but <\/span><b>American ConocoPhillips is listed as the 3rd biggest expansionist <\/b><span style=\"font-weight: 400;\">with production levels due to increase by 36% by 2030.<\/span><b> Nearly half of the companies are European,<\/b><span style=\"font-weight: 400;\"> with French outfit TotalEnergies leading the way: <\/span><b>by 2030, TotalEnergies\u2019s oil and gas production in the Arctic is set to increase by 28%.\u00a0<\/b><\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-12 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-sizes-top:0;--awb-border-sizes-bottom:0;--awb-border-sizes-left:0;--awb-border-sizes-right:0;--awb-border-color:rgba(62,62,62,0);--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:0px;--awb-padding-right:0px;--awb-padding-bottom:0px;--awb-background-color:#f2f2f2;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-center fusion-flex-justify-content-center fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-15 fusion_builder_column_1_4 1_4 fusion-flex-column fusion-flex-align-self-center\" style=\"--awb-padding-top:100px;--awb-padding-bottom:50px;--awb-bg-size:cover;--awb-width-large:25%;--awb-margin-top-large:0px;--awb-spacing-right-large:0px;--awb-margin-bottom-large:0px;--awb-spacing-left-large:0px;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-6 fusion-title-center fusion-title-text fusion-title-size-one fusion-animated\" style=\"--awb-text-color:#2e3951;--awb-font-size:42px;\" data-animationType=\"slideInLeft\" data-animationDuration=\"1.5\" data-animationOffset=\"top-into-view\"><div class=\"title-sep-container title-sep-container-left\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><span class=\"awb-title-spacer\"><\/span><h1 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;font-size:1em;--fontSize:42;line-height:1.19;\"><span style=\"font-family: Montserrat; font-size: 35px; letter-spacing: 3px; font-weight: 600;\">THE ARCTIC EXPANSIONISTS<\/span><\/h1><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-16 fusion_builder_column_3_4 3_4 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:75%;--awb-margin-top-large:0px;--awb-spacing-right-large:2.56%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:2.56%;--awb-width-medium:80%;--awb-order-medium:0;--awb-spacing-right-medium:2.4%;--awb-spacing-left-medium:2.4%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-image-element \" style=\"--awb-margin-top:0px;--awb-margin-right:0px;--awb-margin-bottom:0px;--awb-margin-left:0px;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-4 hover-type-none fusion-animated\" data-animationType=\"slideInRight\" data-animationDuration=\"1.5\" data-animationOffset=\"top-into-view\"><a href=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-03-2-1024x724.png\" class=\"fusion-lightbox\" data-rel=\"iLightbox[be4d9332b1816d41118]\" data-title=\"VISUELS-ARCTIC-WEB-03-2\" title=\"VISUELS-ARCTIC-WEB-03-2\"><img decoding=\"async\" width=\"1024\" height=\"724\" alt=\"the arctic expansionists\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-03-2-1024x724.png\" class=\"img-responsive wp-image-15032\" srcset=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-03-2-200x141.png 200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-03-2-400x283.png 400w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-03-2-600x424.png 600w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-03-2-800x566.png 800w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-03-2-1200x849.png 1200w\" sizes=\"(max-width: 1024px) 100vw, (max-width: 640px) 100vw, 1200px\" \/><\/a><\/span><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-bg-parallax\" data-bg-align=\"right center\" data-direction=\"up\" data-mute=\"false\" data-opacity=\"100\" data-velocity=\"-0.3\" data-mobile-enabled=\"false\" data-break_parents=\"0\" data-bg-image=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/bck_artic_2.jpg\" data-bg-repeat=\"false\" data-bg-color=\"#607d8b\" ><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-13 fusion-flex-container fusion-parallax-up nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-background-position:right center;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:110px;--awb-padding-right:0px;--awb-padding-bottom:110px;--awb-padding-left:0px;--awb-margin-top:0px;--awb-background-color:#607d8b;--awb-background-image:url(&quot;https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/bck_artic_2.jpg&quot;);--awb-background-size:cover;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-17 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-7 fusion-title-center fusion-title-text fusion-title-size-one fusion-animated\" data-animationType=\"fadeInLeft\" data-animationDuration=\"1.5\" data-animationOffset=\"top-into-view\"><div class=\"title-sep-container title-sep-container-left\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><span class=\"awb-title-spacer\"><\/span><h1 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:30;line-height:1.4;\"><span style=\"font-weight: normal;\"><br \/>\n<span style=\"font-family: Montserrat; font-weight: 600;\" data-fusion-font=\"true\" data-fusion-google-font=\"Montserrat\" data-fusion-google-variant=\"600\">BIG MONEY IS FUELLING <\/span><br \/>\n<span style=\"font-family: Montserrat; font-weight: 600;\" data-fusion-font=\"true\" data-fusion-google-font=\"Montserrat\" data-fusion-google-variant=\"600\">THE ARCTIC CRISIS<\/span><br \/>\n<\/span><\/h1><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-14 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-background-color:#525468;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-18 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-padding-top:70px;--awb-padding-bottom:70px;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:4px;--awb-spacing-right-large:6.72%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:6.72%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-6 fusion-animated\" data-animationType=\"fadeInDown\" data-animationDuration=\"1.5\" data-animationOffset=\"top-into-view\"><div>\n<p style=\"text-align: justify; font-size: 20px; line-height: 30px;\" data-fusion-font=\"true\"><span style=\"font-weight: 400;\">None of this fossil fuel bonanza could take place without backing from private finance. Bankers, investors and insurers have been directly or indirectly fuelling oil and gas expansion in the Arctic.\u00a0<\/span><\/p>\n<p style=\"text-align: justify; font-size: 20px; line-height: 30px;\" data-fusion-font=\"true\"><span style=\"font-weight: 400;\">We undertook extensive research to investigate how banks and investors were supporting the Arctic expansionists. The findings: from 2016 to 2020, <\/span><b>commercial<\/b> <b>banks channeled $314 billion to Arctic expansionists <\/b><span style=\"font-weight: 400;\">in loans and underwriting. As of March 2021, <\/span><b>investors held roughly $272 billion in those same companies <\/b><span style=\"font-weight: 400;\">in shares and bonds.\u00a0<\/span><\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-15 fusion-flex-container hundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:0px;--awb-padding-right:0px;--awb-padding-bottom:0px;--awb-padding-left:0px;--awb-margin-top:0px;--awb-margin-bottom:0px;--awb-background-color:#525468;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"width:104% !important;max-width:104% !important;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-19 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:0%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:0%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-section-separator section-separator waves fusion-section-separator-4\" style=\"--awb-spacer-padding-top:15.8203125%;--awb-svg-margin-left:0%;--awb-svg-margin-right:0%;--awb-svg-margin-left-medium:1.92%;--awb-svg-margin-right-medium:1.92%;--awb-svg-margin-left-small:1.92%;--awb-svg-margin-right-small:1.92%;--awb-sep-font-size:0;--awb-sep-line-height:0;\"><div class=\"fusion-section-separator-svg\"><svg class=\"fusion-waves-candy\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" version=\"1.1\" width=\"100%\" viewBox=\"0 54 1024 162\" preserveAspectRatio=\"none\" fill=\"rgba(255,255,255,1)\"><path class=\"st3\" d=\"M1024.1 54.368c-4 .2-8 .4-11.9.7-206.5 15.1-227.9 124.4-434.5 141.6-184.9 15.5-226.3-41.1-404.9-21.3-64 7.2-121.9 20.8-172.7 37.9v3.044h1024V54.368z\"\/><\/svg><\/div><div class=\"fusion-section-separator-spacer\"><div class=\"fusion-section-separator-spacer-height\"><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-16 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:100px;--awb-background-color:#ffffff;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-center fusion-flex-justify-content-center fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-20 fusion_builder_column_1_3 1_3 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:33.333333333333%;--awb-margin-top-large:0px;--awb-spacing-right-large:5.76%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:5.76%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-8 fusion-title-text fusion-title-size-one fusion-animated\" style=\"--awb-text-color:#2e3951;--awb-font-size:42px;\" data-animationType=\"slideInLeft\" data-animationDuration=\"1.5\" data-animationOffset=\"top-into-view\"><div class=\"title-sep-container title-sep-container-left fusion-no-large-visibility\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><span class=\"awb-title-spacer fusion-no-large-visibility\"><\/span><h1 class=\"fusion-title-heading title-heading-left md-text-align-center sm-text-align-center fusion-responsive-typography-calculated\" style=\"margin:0;font-size:1em;--fontSize:42;line-height:1.19;\"><p style=\"text-align: left;\"><span style=\"font-family: Montserrat; font-size: 35px; letter-spacing: 3px; font-weight: 600;\">BILLIONS OF DOLLARS CHANNELED TO OIL AND GAS COMPANIES EXPANDING<br \/>\nIN THE ARCTIC<\/span><\/p><\/h1><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-21 fusion_builder_column_2_3 2_3 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:66.666666666667%;--awb-margin-top-large:0px;--awb-spacing-right-large:2.88%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:2.88%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-image-element \" style=\"text-align:center;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-5 hover-type-none fusion-animated\" data-animationType=\"slideInRight\" data-animationDuration=\"1.5\" data-animationOffset=\"top-into-view\"><a href=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-04-4-1-1024x724.png\" class=\"fusion-lightbox\" data-rel=\"iLightbox[856455a8723b62e12a9]\" data-title=\"VISUELS-ARCTIC-WEB-04-4\" title=\"VISUELS-ARCTIC-WEB-04-4\"><img decoding=\"async\" width=\"1024\" height=\"724\" alt=\"billions of dollars channeled to oil and gas companies expanding in the arctic\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-04-4-1-1024x724.png\" class=\"img-responsive wp-image-15102\" srcset=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-04-4-1-200x141.png 200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-04-4-1-400x283.png 400w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-04-4-1-600x424.png 600w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-04-4-1-800x566.png 800w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-04-4-1-1200x849.png 1200w\" sizes=\"(max-width: 1024px) 100vw, (max-width: 640px) 100vw, 800px\" \/><\/a><\/span><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-22 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:-20px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-section-separator section-separator waves fusion-section-separator-5\" style=\"--awb-spacer-padding-top:15.8203125%;--awb-svg-margin-left:1.92%;--awb-svg-margin-right:1.92%;--awb-svg-margin-left-medium:1.92%;--awb-svg-margin-right-medium:1.92%;--awb-svg-margin-left-small:1.92%;--awb-svg-margin-right-small:1.92%;--awb-sep-font-size:0;--awb-sep-line-height:0;\"><div class=\"fusion-section-separator-svg\"><svg class=\"fusion-waves-candy\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" version=\"1.1\" width=\"100%\" viewBox=\"0 54 1024 162\" preserveAspectRatio=\"none\" fill=\"rgba(82,84,104,1)\"><path class=\"st3\" d=\"M1024.1 54.368c-4 .2-8 .4-11.9.7-206.5 15.1-227.9 124.4-434.5 141.6-184.9 15.5-226.3-41.1-404.9-21.3-64 7.2-121.9 20.8-172.7 37.9v3.044h1024V54.368z\"\/><\/svg><\/div><div class=\"fusion-section-separator-spacer\"><div class=\"fusion-section-separator-spacer-height\"><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-17 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:25px;--awb-padding-bottom:40px;--awb-background-color:#525468;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-23 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-padding-top:20px;--awb-padding-bottom:20px;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:6.72%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:6.72%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-7 fusion-animated\" data-animationType=\"fadeInDown\" data-animationDuration=\"1.5\" data-animationOffset=\"top-into-view\"><div style=\"text-align: justify; font-size: 18px;\">\n<p style=\"font-size: 20px; line-height: 30px;\" data-fusion-font=\"true\"><span style=\"font-weight: 400;\">80% of all loans and underwriting to Arctic expansionists comes from just 30 banks. <\/span><b>The list includes banks committed to restricting oil &amp; gas financing in the Arctic: JPMorgan Chase (top globally with $18.6bn between 2016-2020), Barclays (4th largest, $13.2bn), Citigroup (6th, $12.2bn) and BNP Paribas (7th, $11.8bn).<\/b><span style=\"font-weight: 400;\"> In 2020 alone, despite adopting Arctic exclusion policies, BNP Paribas and HSBC were the top financiers of the companies developing new oil and gas in the Arctic.\u00a0<\/span><\/p>\n<\/div>\n<\/div><div class=\"fusion-image-element \" style=\"text-align:center;--awb-margin-top:40px;--awb-margin-bottom:60px;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);--awb-filter:hue-rotate(0deg);--awb-filter-transition:filter 0.3s ease;--awb-filter-hover:hue-rotate(100deg);\"><span class=\" fusion-imageframe imageframe-none imageframe-6 hover-type-none fusion-animated\" data-animationType=\"fadeInDown\" data-animationDuration=\"1.5\" data-animationOffset=\"top-into-view\"><img decoding=\"async\" width=\"150\" height=\"150\" title=\"iceberg_white\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/iceberg_white-150x150.png\" alt class=\"img-responsive wp-image-14842\" srcset=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/iceberg_white-200x200.png 200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/iceberg_white.png 400w\" sizes=\"(max-width: 1024px) 100vw, (max-width: 640px) 100vw, 150px\" \/><\/span><\/div><div class=\"fusion-text fusion-text-8 fusion-animated\" data-animationType=\"fadeInDown\" data-animationDuration=\"1.5\" data-animationOffset=\"top-into-view\"><div style=\"text-align: justify; font-size: 18px;\">\n<p style=\"font-size: 20px; line-height: 30px;\" data-fusion-font=\"true\"><span style=\"font-weight: 400;\">There are hundreds of investors backing oil and gas companies developing new projects in the Arctic. <\/span><b>30 financial companies are responsible for $162.6 billion of the investments, led by<\/b> <b>BlackRock (top globally with $28.5 bn), Vanguard (2nd, $21.6 bn), and Cr\u00e9dit Agricole via Amundi (3rd, $12.9 bn)<\/b><span style=\"font-weight: 400;\">. Only two of the top 30 investors currently have a policy restricting investments in the Arctic. Top investor, Blackrock, does not have an Arctic policy.\u00a0<\/span><\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-18 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:100px;--awb-padding-bottom:100px;--awb-background-color:#f2f2f2;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-center fusion-flex-justify-content-center fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-24 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-9 fusion-title-center fusion-title-text fusion-title-size-one fusion-animated\" style=\"--awb-text-color:#2e3951;--awb-font-size:42px;\" data-animationType=\"fadeInLeft\" data-animationDuration=\"0.8\" data-animationOffset=\"top-into-view\"><div class=\"title-sep-container title-sep-container-left\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><span class=\"awb-title-spacer\"><\/span><h1 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;font-size:1em;--fontSize:42;line-height:1.19;\"><span style=\"font-family: Montserrat; font-size: 35px; letter-spacing: 3px; font-weight: 600;\">THE TOP 30 BANKS AND INVESTORS SUPPORTING ARCTIC EXPANSIONISTS<\/span><\/h1><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-25 fusion_builder_column_1_1 1_1 fusion-flex-column fusion-flex-align-self-center\" style=\"--awb-padding-top:0px;--awb-padding-right:0px;--awb-padding-bottom:0px;--awb-padding-left:0px;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:0px;--awb-margin-bottom-large:0px;--awb-spacing-left-large:0px;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-image-element \" style=\"text-align:center;--awb-margin-top:0px;--awb-margin-right:0px;--awb-margin-bottom:0px;--awb-margin-left:0px;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-7 hover-type-none fusion-animated\" data-animationType=\"fadeInRight\" data-animationDuration=\"1.5\" data-animationOffset=\"top-into-view\"><a href=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-05-3-1-1024x724.png\" class=\"fusion-lightbox\" data-rel=\"iLightbox[ecfa09c6d7d8a0b175a]\" data-title=\"VISUELS-ARCTIC-WEB-05-3\" title=\"VISUELS-ARCTIC-WEB-05-3\"><img decoding=\"async\" width=\"1024\" height=\"724\" alt=\"the top 30 banks and investors supporting arctic drilling\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-05-3-1-1024x724.png\" class=\"img-responsive wp-image-15153\" srcset=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-05-3-1-200x141.png 200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-05-3-1-400x283.png 400w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-05-3-1-600x424.png 600w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-05-3-1-800x566.png 800w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-05-3-1-1200x849.png 1200w\" sizes=\"(max-width: 1024px) 100vw, (max-width: 640px) 100vw, 1200px\" \/><\/a><\/span><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-bg-parallax\" data-bg-align=\"right center\" data-direction=\"up\" data-mute=\"false\" data-opacity=\"100\" data-velocity=\"-0.3\" data-mobile-enabled=\"false\" data-break_parents=\"0\" data-bg-image=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/bck_artic_1.jpg\" data-bg-repeat=\"false\" data-bg-color=\"#607d8b\" ><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-19 fusion-flex-container fusion-parallax-up nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-background-position:right center;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:110px;--awb-padding-right:0px;--awb-padding-bottom:100px;--awb-padding-left:0px;--awb-margin-top:0px;--awb-margin-bottom:0px;--awb-background-color:#607d8b;--awb-background-image:url(&quot;https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/bck_artic_1.jpg&quot;);--awb-background-size:cover;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-26 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-10 fusion-title-center fusion-title-text fusion-title-size-one fusion-animated\" data-animationType=\"fadeInLeft\" data-animationDuration=\"1.5\" data-animationOffset=\"top-into-view\"><div class=\"title-sep-container title-sep-container-left\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><span class=\"awb-title-spacer\"><\/span><h1 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:30;line-height:1.4;\"><span style=\"font-weight: normal;\"><br \/>\n<span style=\"font-family: Montserrat; font-weight: 600;\" data-fusion-font=\"true\" data-fusion-google-font=\"Montserrat\" data-fusion-google-variant=\"600\">BANKS, INVESTORS AND INSURERS <\/span><br \/>\n<span style=\"font-family: Montserrat; font-weight: 600;\" data-fusion-font=\"true\" data-fusion-google-font=\"Montserrat\" data-fusion-google-variant=\"600\">ARE FAILING TO PROTECT THE ARCTIC<\/span><br \/>\n<\/span><\/h1><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-20 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-background-color:#525468;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-27 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-padding-top:70px;--awb-padding-bottom:70px;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:6.72%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:6.72%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-9 fusion-animated\" data-animationType=\"fadeInDown\" data-animationDuration=\"1.5\" data-animationOffset=\"top-into-view\"><p style=\"text-align: justify; font-size: 20px; line-height: 30px;\" data-fusion-font=\"true\">Although <b>an increasing number of banks, investors and insurers have some sort of restriction for oil and gas operations in the Arctic<\/b>, support for oil and gas development in the Arctic has continued largely unabated. <b>Policies are failing to stop oil and gas expansion in the Arctic for three reasons<\/b>.<\/p>\n<p style=\"text-align: justify; font-size: 20px; line-height: 30px;\" data-fusion-font=\"true\"><b>1.<\/b> Firstly, <b>none of the policies exclude corporate support to companies developing<\/b> new oil and gas projects in the Arctic.<\/p>\n<p style=\"text-align: justify; font-size: 20px; line-height: 30px;\" data-fusion-font=\"true\"><b>2.<\/b> Secondly, <b>none of the policies fully cover the Arctic region<\/b>: not one major financial player listed in our report has chosen to protect the most comprehensive and climate-relevant Arctic boundaries as defined by the Arctic Monitoring and Assessment Programme.<\/p>\n<p style=\"text-align: justify; font-size: 20px; line-height: 30px;\" data-fusion-font=\"true\"><b>3.<\/b> Thirdly, <b>too many policies don\u2019t rule out support for gas projects in the Arctic<\/b>, despite its potent role in global warming and recents calls by the IPCC and the IEA to reduce gas production.<\/p>\n<\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-top:20px;margin-bottom:20px;width:100%;\"><\/div><div class=\"fusion-text fusion-text-10 fusion-animated\" data-animationType=\"fadeInDown\" data-animationDuration=\"1.5\" data-animationOffset=\"top-into-view\"><p style=\"text-align: justify; font-size: 20px; line-height: 30px;\" data-fusion-font=\"true\"><b><u><a href=\"https:\/\/reclaimfinance.org\/site\/arctic-map\/\">Click here to explore our interactive map<\/a><\/u><\/b>, navigate through the different Arctic exclusion scopes, and find out whether financiers are effectively tackling oil and gas expansion in the Arctic.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-21 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-background-color:#525468;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-28 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-section-separator section-separator waves fusion-section-separator-6\" style=\"--awb-spacer-padding-top:15.8203125%;--awb-svg-margin-left:1.92%;--awb-svg-margin-right:1.92%;--awb-svg-margin-left-medium:1.92%;--awb-svg-margin-right-medium:1.92%;--awb-svg-margin-left-small:1.92%;--awb-svg-margin-right-small:1.92%;--awb-sep-font-size:0;--awb-sep-line-height:0;\"><div class=\"fusion-section-separator-svg\"><svg class=\"fusion-waves-candy\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" version=\"1.1\" width=\"100%\" viewBox=\"0 54 1024 162\" preserveAspectRatio=\"none\" fill=\"rgba(255,255,255,1)\"><path class=\"st3\" d=\"M1024.1 54.368c-4 .2-8 .4-11.9.7-206.5 15.1-227.9 124.4-434.5 141.6-184.9 15.5-226.3-41.1-404.9-21.3-64 7.2-121.9 20.8-172.7 37.9v3.044h1024V54.368z\"\/><\/svg><\/div><div class=\"fusion-section-separator-spacer\"><div class=\"fusion-section-separator-spacer-height\"><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-22 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:100px;--awb-padding-bottom:100px;--awb-background-color:#ffffff;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-center fusion-flex-justify-content-center fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-29 fusion_builder_column_1_2 1_2 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:50%;--awb-margin-top-large:0px;--awb-spacing-right-large:3.84%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:3.84%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-11 fusion-title-center fusion-title-text fusion-title-size-one fusion-animated\" style=\"--awb-text-color:#2e3951;--awb-font-size:42px;\" data-animationType=\"fadeInLeft\" data-animationDuration=\"1.5\" data-animationOffset=\"top-mid-of-view\"><div class=\"title-sep-container title-sep-container-left\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><span class=\"awb-title-spacer\"><\/span><h1 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;font-size:1em;--fontSize:42;line-height:1.19;\"><p><span style=\"font-family: Montserrat; font-size: 35px; letter-spacing: 3px; font-weight: 600;\">NAVIGATE THROUGH OUR INTERACTIVE MAP TO FIND OUT WHY FINANCIERS ARE NOT EFFECTIVELY PROTECTING THE ARCTIC<\/span><\/p>\n<p>&nbsp;<\/p><\/h1><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-30 fusion_builder_column_1_2 1_2 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:50%;--awb-margin-top-large:0px;--awb-spacing-right-large:3.84%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:3.84%;--awb-width-medium:80%;--awb-order-medium:0;--awb-spacing-right-medium:2.4%;--awb-spacing-left-medium:2.4%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-image-element \" style=\"text-align:left;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-8 hover-type-none fusion-animated\" data-animationType=\"slideInRight\" data-animationDuration=\"1.5\" data-animationOffset=\"top-into-view\"><a class=\"fusion-no-lightbox\" href=\" https:\/\/reclaimfinance.org\/site\/arctic-map\/\" target=\"_self\" aria-label=\"VISUELS-ARCTIC-WEB-06-1\"><img decoding=\"async\" width=\"1024\" height=\"1024\" alt=\"a(rtic)map\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-06-1-1024x1024.png\" class=\"img-responsive wp-image-14980\" srcset=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-06-1-200x200.png 200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-06-1-400x400.png 400w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-06-1-600x600.png 600w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-06-1-800x800.png 800w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/VISUELS-ARCTIC-WEB-06-1.png 1080w\" sizes=\"(max-width: 1024px) 100vw, (max-width: 640px) 100vw, 600px\" \/><\/a><\/span><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-31 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div style=\"text-align:center;\"><a class=\"fusion-button button-flat fusion-button-default-size button-custom fusion-button-default button-2 fusion-button-default-span fusion-button-default-type\" style=\"--button_accent_color:#ffffff;--button_accent_hover_color:#ffffff;--button_border_hover_color:#8fc84c;--button_gradient_top_color:#2e3951;--button_gradient_bottom_color:#2e3951;--button_gradient_top_color_hover:#ff655d;--button_gradient_bottom_color_hover:#ff655d;\" target=\"_self\" href=\" https:\/\/reclaimfinance.org\/site\/arctic-map\/\"><span class=\"fusion-button-text\">Click here to access our interactive map of the Arctic region<\/span><\/a><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-bg-parallax\" data-bg-align=\"right bottom\" data-direction=\"up\" data-mute=\"false\" data-opacity=\"100\" data-velocity=\"-0.3\" data-mobile-enabled=\"false\" data-break_parents=\"0\" data-bg-image=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/6.-effectively-protecting-2-1024x683.jpg\" data-bg-repeat=\"false\" data-bg-color=\"#607d8b\" ><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-23 fusion-flex-container fusion-parallax-up nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-background-position:right bottom;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:110px;--awb-padding-right:0px;--awb-padding-bottom:110px;--awb-padding-left:0px;--awb-margin-top:0px;--awb-background-color:#607d8b;--awb-background-image:url(&quot;https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/6.-effectively-protecting-2-1024x683.jpg&quot;);--awb-background-size:cover;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-32 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-12 fusion-title-center fusion-title-text fusion-title-size-one fusion-animated\" data-animationType=\"fadeInLeft\" data-animationDuration=\"1.5\" data-animationOffset=\"top-into-view\"><div class=\"title-sep-container title-sep-container-left\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><span class=\"awb-title-spacer\"><\/span><h1 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:30;line-height:1.4;\"><span style=\"font-weight: normal;\"><br \/>\n<span style=\"font-family: Montserrat; font-weight: 600;\" data-fusion-font=\"true\" data-fusion-google-font=\"Montserrat\" data-fusion-google-variant=\"600\">EFFECTIVELY PROTECTING <\/span><br \/>\n<span style=\"font-family: Montserrat; font-weight: 600;\" data-fusion-font=\"true\" data-fusion-google-font=\"Montserrat\" data-fusion-google-variant=\"600\">THE ARCTIC<\/span><br \/>\n<\/span><\/h1><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-24 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:50px;--awb-padding-bottom:50px;--awb-background-color:#f2f2f2;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-33 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-padding-top:50px;--awb-padding-right:20px;--awb-padding-bottom:50px;--awb-padding-left:20px;--awb-overflow:hidden;--awb-bg-color:#ffffff;--awb-bg-color-hover:#ffffff;--awb-bg-size:cover;--awb-border-radius:10px 10px 10px 10px;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:4.8%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:4.8%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-11 fusion-animated\" style=\"--awb-text-color:#2e3951;\" data-animationType=\"slideInLeft\" data-animationDuration=\"1.0\" data-animationOffset=\"top-into-view\"><h3><span style=\"color: #2e3951;\"><b><span style=\"letter-spacing: normal; font-size: 60px;\" data-fusion-font=\"true\">01.<\/span> <\/b><\/span><\/h3>\n<\/div><div class=\"fusion-text fusion-text-12 fusion-animated\" style=\"--awb-content-alignment:left;--awb-text-color:#2e3951;\" data-animationType=\"slideInLeft\" data-animationDuration=\"2.0\" data-animationOffset=\"top-into-view\"><h3 class=\"\" data-fontsize=\"24\" data-lineheight=\"36px\"><b><span style=\"color: #2e3951;\">Protect the AMAP Arctic region from oil and gas expansion.<\/span><\/b><\/h3>\n<\/div><div class=\"fusion-text fusion-text-13 fusion-animated\" style=\"--awb-text-color:#2e3951;\" data-animationType=\"slideInLeft\" data-animationDuration=\"3.0\" data-animationOffset=\"top-into-view\"><p style=\"font-size: 18px; text-align: justify;\">In order to effectively protect the Arctic, financial players must base their policies on the most comprehensive and environmentally-relevant boundaries of the Arctic. Only one of the competing Arctic definitions ticks all the boxes: the perimeter defined by the Arctic Council\u2019s Assessment and Monitoring Programme (AMAP) to monitor climate change and pollution in the Arctic.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-34 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-padding-top:50px;--awb-padding-right:20px;--awb-padding-bottom:50px;--awb-padding-left:20px;--awb-overflow:hidden;--awb-bg-color:#333645;--awb-bg-color-hover:#333645;--awb-bg-size:cover;--awb-border-radius:10px 10px 10px 10px;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:4.8%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:4.8%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-14 fusion-animated\" data-animationType=\"slideInLeft\" data-animationDuration=\"1.0\" data-animationOffset=\"top-into-view\"><h3><b><span style=\"letter-spacing: normal; font-size: 60px;\" data-fusion-font=\"true\">02.<\/span><\/b><\/h3>\n<\/div><div class=\"fusion-text fusion-text-15 fusion-animated\" data-animationType=\"slideInLeft\" data-animationDuration=\"2.0\" data-animationOffset=\"top-into-view\"><h3 class=\"\" data-fontsize=\"24\" data-lineheight=\"36px\"><b>Commit to not support any new onshore and offshore, oil and gas, upstream and midstream projects in the Arctic region.<\/b><\/h3>\n<\/div><div class=\"fusion-text fusion-text-16 fusion-animated\" data-animationType=\"slideInLeft\" data-animationDuration=\"3.0\" data-animationOffset=\"top-into-view\"><p style=\"font-size: 18px; line-height: 27px;\" data-fusion-font=\"true\">The Arctic policies should be as comprehensive as possible. Financial players should pledge to exclude any kind of direct support, including financing, insurance, investment and advisory services, to both oil and gas projects and infrastructure development in the Arctic, be it onshore or offshore, upstream or midstream.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-35 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-padding-top:50px;--awb-padding-right:20px;--awb-padding-bottom:50px;--awb-padding-left:20px;--awb-overflow:hidden;--awb-bg-color:#ffffff;--awb-bg-color-hover:#ffffff;--awb-bg-size:cover;--awb-border-radius:10px 10px 10px 10px;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:4.8%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:4.8%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-17 fusion-animated\" style=\"--awb-text-color:#2e3951;\" data-animationType=\"slideInLeft\" data-animationDuration=\"1.0\" data-animationOffset=\"top-into-view\"><h3 class=\"fusion-responsive-typography-calculated\" style=\"--fontsize: 24; line-height: 1.5;\" data-fontsize=\"24\" data-lineheight=\"36px\"><span style=\"color: #2e3951;\"><b><span style=\"letter-spacing: normal; font-size: 60px;\" data-fusion-font=\"true\">03.<\/span><\/b><\/span><\/h3>\n<\/div><div class=\"fusion-text fusion-text-18 fusion-animated\" style=\"--awb-text-color:#2e3951;\" data-animationType=\"slideInLeft\" data-animationDuration=\"2.0\" data-animationOffset=\"top-into-view\"><h3 class=\"\" data-fontsize=\"24\" data-lineheight=\"36px\"><b><span style=\"color: #2e3951;\">Blacklist all oil and gas companies expanding in the Arctic region<\/span> <\/b><\/h3>\n<\/div><div class=\"fusion-text fusion-text-19 fusion-animated\" style=\"--awb-text-color:#2e3951;\" data-animationType=\"slideInLeft\" data-animationDuration=\"1.9\" data-animationOffset=\"top-into-view\"><div style=\"text-align: justify;\"><span style=\"font-size: 18px; line-height: 27px;\" data-fusion-font=\"true\">Expansion is no longer an option. A robust Arctic policy should explicitly stop supporting any company that does not commit to stop developing new oil and gas projects in the Arctic by the end of 2022. Even when the Arctic operations represent a minor share of the company\u2019s business model, they represent a major threat for the Arctic and ecosystems. <\/span><\/div>\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-bg-parallax\" data-bg-align=\"center top\" data-direction=\"up\" data-mute=\"false\" data-opacity=\"100\" data-velocity=\"-0.3\" data-mobile-enabled=\"true\" data-break_parents=\"0\" data-bg-image=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/bck_artic_6.jpg\" data-bg-repeat=\"false\" data-bg-color=\"#607d8b\" ><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-25 fusion-flex-container fusion-parallax-up nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-background-position:center top;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:110px;--awb-padding-right:0px;--awb-padding-bottom:110px;--awb-padding-left:0px;--awb-margin-top:0px;--awb-background-color:#607d8b;--awb-background-image:url(&quot;https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/bck_artic_6.jpg&quot;);--awb-background-size:cover;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-36 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-13 fusion-title-center fusion-title-text fusion-title-size-one fusion-animated\" data-animationType=\"fadeInLeft\" data-animationDuration=\"1.5\" data-animationOffset=\"top-mid-of-view\"><div class=\"title-sep-container title-sep-container-left\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><span class=\"awb-title-spacer\"><\/span><h1 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:30;line-height:1.4;\"><span style=\"font-weight: normal;\"><br \/>\n<span style=\"font-family: Montserrat; font-weight: 600;\" data-fusion-font=\"true\" data-fusion-google-font=\"Montserrat\" data-fusion-google-variant=\"600\">DIVING DEEPER INTO <\/span><br \/>\n<span style=\"font-family: Montserrat; font-weight: 600;\" data-fusion-font=\"true\" data-fusion-google-font=\"Montserrat\" data-fusion-google-variant=\"600\">THE ARCTIC<\/span><br \/>\n<\/span><\/h1><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-26 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:85px;--awb-padding-right:20px;--awb-padding-bottom:75px;--awb-padding-left:20px;--awb-margin-bottom:0px;--awb-background-color:#ffffff;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-37 fusion_builder_column_1_3 1_3 fusion-flex-column fusion-column-inner-bg-wrapper\" style=\"--awb-overflow:hidden;--awb-inner-bg-size:cover;--awb-border-color:#6b6b6b;--awb-border-style:solid;--awb-border-radius:10px 10px 10px 10px;--awb-inner-bg-border-radius:10px 10px 10px 10px;--awb-inner-bg-overflow:hidden;--awb-width-large:33.333333333333%;--awb-margin-top-large:0px;--awb-spacing-right-large:20.16%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:5.76%;--awb-width-medium:33.333333333333%;--awb-order-medium:0;--awb-spacing-right-medium:20.16%;--awb-spacing-left-medium:5.76%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><span class=\"fusion-column-inner-bg hover-type-none\"><a class=\"fusion-column-anchor\" href=\"https:\/\/reclaimfinance.org\/site\/arctic-map\/\"><span class=\"fusion-column-inner-bg-image\"><\/span><\/a><\/span><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-image-element \" style=\"text-align:center;--awb-margin-top:35px;--awb-margin-right:35px;--awb-margin-bottom:20px;--awb-margin-left:35px;--awb-max-width:150px;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-9 hover-type-none\" style=\"border:7px solid rgba(255,255,255,0);\"><a class=\"fusion-no-lightbox\" href=\"https:\/\/reclaimfinance.org\/site\/en\/arctic-map-en\/\" target=\"_self\" aria-label=\"search\"><img decoding=\"async\" width=\"512\" height=\"512\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/search.png\" alt class=\"img-responsive wp-image-15121\" srcset=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/search-200x200.png 200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/search-400x400.png 400w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/search.png 512w\" sizes=\"(max-width: 1024px) 100vw, (max-width: 640px) 100vw, 400px\" \/><\/a><\/span><\/div><div style=\"text-align:center;\"><a class=\"fusion-button button-flat fusion-button-default-size button-custom fusion-button-default button-3 fusion-button-default-span fusion-button-default-type\" style=\"--button_accent_color:#ffffff;--button_accent_hover_color:#ffffff;--button_border_hover_color:#8fc84c;--button_gradient_top_color:#2e3951;--button_gradient_bottom_color:#2e3951;--button_gradient_top_color_hover:#ff655d;--button_gradient_bottom_color_hover:#ff655d;\" target=\"_self\" href=\"https:\/\/reclaimfinance.org\/site\/en\/arctic-map-en\/\"><span class=\"fusion-button-text\">Explore our interactive map of the Arctic<\/span><\/a><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-38 fusion_builder_column_1_3 1_3 fusion-flex-column fusion-column-inner-bg-wrapper\" style=\"--awb-overflow:hidden;--awb-inner-bg-size:cover;--awb-border-radius:10px 10px 10px 10px;--awb-inner-bg-border-radius:10px 10px 10px 10px;--awb-inner-bg-overflow:hidden;--awb-width-large:33.333333333333%;--awb-margin-top-large:0px;--awb-spacing-right-large:21.024%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:5.76%;--awb-width-medium:33.333333333333%;--awb-order-medium:0;--awb-spacing-right-medium:21.024%;--awb-spacing-left-medium:5.76%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><span class=\"fusion-column-inner-bg hover-type-none\"><a class=\"fusion-column-anchor\" href=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/Drill_Baby_Drill_RF_Arctic_Report_23_09_2021.pdf\"><span class=\"fusion-column-inner-bg-image\"><\/span><\/a><\/span><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-image-element \" style=\"text-align:center;--awb-margin-top:35px;--awb-margin-right:35px;--awb-margin-bottom:35px;--awb-margin-left:35px;--awb-max-width:150px;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-10 hover-type-none\"><a class=\"fusion-no-lightbox\" href=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/Drill_Baby_Drill_RF_Arctic_Report_23_09_2021.pdf\" target=\"_self\" aria-label=\"promotion\"><img decoding=\"async\" width=\"512\" height=\"512\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/promotion-1.png\" alt class=\"img-responsive wp-image-15119\" srcset=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/promotion-1-200x200.png 200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/promotion-1-400x400.png 400w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/promotion-1.png 512w\" sizes=\"(max-width: 1024px) 100vw, (max-width: 640px) 100vw, 400px\" \/><\/a><\/span><\/div><div style=\"text-align:center;\"><a class=\"fusion-button button-flat fusion-button-default-size button-custom fusion-button-default button-4 fusion-button-default-span fusion-button-default-type\" style=\"--button_accent_color:#ffffff;--button_accent_hover_color:#ffffff;--button_border_hover_color:#8fc84c;--button_gradient_top_color:#2e3951;--button_gradient_bottom_color:#2e3951;--button_gradient_top_color_hover:#ff655d;--button_gradient_bottom_color_hover:#ff655d;\" target=\"_self\" href=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/Drill_Baby_Drill_RF_Arctic_Report_23_09_2021.pdf\"><span class=\"fusion-button-text\">Read the full report<\/span><\/a><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-39 fusion_builder_column_1_3 1_3 fusion-flex-column fusion-column-inner-bg-wrapper\" style=\"--awb-padding-right-medium:40px;--awb-overflow:hidden;--awb-inner-bg-size:cover;--awb-border-radius:10px 10px 10px 10px;--awb-inner-bg-border-radius:10px 10px 10px 10px;--awb-inner-bg-overflow:hidden;--awb-width-large:33.333333333333%;--awb-margin-top-large:0px;--awb-spacing-right-large:21.024%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:5.76%;--awb-width-medium:33.333333333333%;--awb-order-medium:0;--awb-spacing-right-medium:21.024%;--awb-spacing-left-medium:5.76%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><span class=\"fusion-column-inner-bg hover-type-none\"><a class=\"fusion-column-anchor\" href=\"https:\/\/reclaimfinance.org\/site\/en\/2021\/09\/23\/banks-and-investors-pouring-billions-into-arctic-oil-gas-bonanzadespite-climate-pledges-report\/\"><span class=\"fusion-column-inner-bg-image\"><\/span><\/a><\/span><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-image-element \" style=\"text-align:center;--awb-margin-top:35px;--awb-margin-right:35px;--awb-margin-bottom:35px;--awb-margin-left:35px;--awb-max-width:150px;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-11 hover-type-none\"><a class=\"fusion-no-lightbox\" href=\"https:\/\/reclaimfinance.org\/site\/en\/2021\/09\/23\/banks-and-investors-pouring-billions-into-arctic-oil-gas-bonanzadespite-climate-pledges-report\/\" target=\"_self\" aria-label=\"education\"><img decoding=\"async\" width=\"512\" height=\"512\" src=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/education.png\" alt class=\"img-responsive wp-image-15122\" srcset=\"https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/education-200x200.png 200w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/education-400x400.png 400w, https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2021\/09\/education.png 512w\" sizes=\"(max-width: 1024px) 100vw, (max-width: 640px) 100vw, 400px\" \/><\/a><\/span><\/div><div style=\"text-align:center;\"><a class=\"fusion-button button-flat fusion-button-default-size button-custom fusion-button-default button-5 fusion-button-default-span fusion-button-default-type\" style=\"--button_accent_color:#ffffff;--button_accent_hover_color:#ffffff;--button_border_hover_color:#8fc84c;--button_gradient_top_color:#2e3951;--button_gradient_bottom_color:#2e3951;--button_gradient_top_color_hover:#ff655d;--button_gradient_bottom_color_hover:#ff655d;\" target=\"_self\" href=\"https:\/\/reclaimfinance.org\/site\/en\/2021\/09\/23\/banks-and-investors-pouring-billions-into-arctic-oil-gas-bonanzadespite-climate-pledges-report\/\"><span class=\"fusion-button-text\">Read our press release<\/span><\/a><\/div><\/div><\/div><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":28,"featured_media":15007,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"100-width.php","meta":{"footnotes":""},"programme":[],"class_list":["post-14754","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Protect the Arctic - Reclaim Finance<\/title>\n<meta name=\"description\" content=\"Drilling and extracting fossil fuels in the Arctic could consume up to 22% of the remaining carbon budget. Financial actors must stop investing in the development of Arctic oil and gas reserves.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/reclaimfinance.org\/site\/en\/protect-the-arctic\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Protect the Arctic - Reclaim Finance\" \/>\n<meta property=\"og:description\" content=\"Drilling and extracting fossil fuels in the Arctic could consume up to 22% of the remaining carbon budget. 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