Quantcast
Popular
Arctic National Wildlife Refuge. Steven Chase, U.S. Fish and Wildlife Service

Investors Controlling $2.5 Trillion Stand With Indigenous People Against Trump Plan to Drill 'Sacred' Arctic Refuge

By Julia Conley

An indigenous group was joined by investors controlling trillions of dollars in assets on Monday as they called for fossil fuel companies and the banks that fund them to end efforts to drill in the Arctic National Wildlife Refuge—making clear that harming the protected land is bad for business as well as destructive to indigenous groups' land and the environment.


"We strongly urge banks and oil and gas companies to honor their fiduciary duty to investors and refuse to engage in drilling in the Arctic Refuge," the investors wrote. "We, as investors, encourage expanding support for the wide range of clean energy solutions and sustainable industries in Alaska, instead of helping to destroy this natural wonder."

The diverse group of investors included religious endowments like the Episcopal Church and the Dominican Sisters, asset management groups, and healthcare companies, whose combined assets amount to $2.52 trillion.

Their letter echoed grave concerns raised by environmentalists and the indigenous people of the area. About 7,000 Gwich'in people live near the refuge and rely on the caribou that roam there for sustenance. The local tribe calls the refuge "The Sacred Place Where Life Begins," and have demanded that the Trump administration protect the refuge from the fossil fuel industry instead of opening it to oil and gas development, as Republicans in Congress voted to do last December.

"It is both deeply unethical and unwise to permanently destroy lands vital to the culture and existence of the Gwich'in to pursue this high-risk gamble," wrote the Gwich'in Steering Committee in its own letter, which was co-signed by more than 100 green campaigners and indigenous rights groups. "Any oil company or bank that supports drilling in the Arctic National Wildlife Refuge faces enormous reputational risk and public backlash. Their brands would be associated with trampling on human rights, destroying one of the world's last remaining intact wild places, and contributing to the climate crisis."

The letters from the groups come after the Trump administration last month took its first major step toward opening the Arctic Refuge to oil and gas development, when the Interior Department began its environmental review to determine the effects of drilling with the goal of beginning to sell drilling leases to oil companies.

"The Trump administration has made it clear that they've already made up their minds to sell off the Sacred Place Where Life Begins," Bernadette Demientieff, executive director of the Gwich'in Steering Committee, said in a statement. "Drilling in the Arctic Refuge would permanently destroy the primary food source of the Gwich'in people, our culture, and our way of life. Now we must call on oil companies and the banks that fund them to stand with the Gwich'in and leave this pristine and fragile place intact. The survival of my people depends on it."

More than 70 percent of Americans oppose drilling in the refuge, according to the Yale Program on Climate Change Communication, a fact noted by both the investors and the Gwich'in Steering Committee.

"The Gwich'in, the American people, and, now, some of the world's most significant investors are demanding the Arctic Refuge remain the pristine and sacred place it has been for generations," said Michael Brune, executive director of the Sierra Club. "Corporate polluters and the banks that fund them must decide if they want to side with the public, human rights and environmental advocates, and climate justice by pledging to stay out of the Arctic Refuge, or whether they want to lose the support of millions of people and trillions in funds while threatening the future of our communities and our planet."

Reposted with permission from our media associate Common Dreams.

Show Comments ()

EcoWatch Daily Newsletter

Sponsored
Politics
The Power Shift 2011 rally targeted primarily the U.S. Chamber of Commerce for using its money and influence to stop climate and clean energy legislation. Linh Do, CC BY 2.0

Fossil Fuel Industry Outspent Environmentalists and Renewables by 10:1 on Climate Lobbying, New Study Finds

By Itai Vardi

Industry sectors based on fossil fuels significantly outspent environmental groups and renewable energy companies on climate change lobbying, new research has found.

In a study published Wednesday in the journal Climatic Change, Drexel University sociologist Robert Brulle shows that between 2000 and 2016, lobbyists spent more than $2 billion trying to influence climate legislation in the U.S. Congress.

Keep reading... Show less
Animals
Emilie Chen / Flickr / CC BY-ND 2.0

Against All Odds, Mountain Gorilla Numbers Are on the Rise

By Jason Bittel

The news coming out of East Africa's Virunga Mountains these days would have made the late (and legendary) conservationist Dian Fossey very happy. According to the most recent census, the mountain gorillas introduced to the world in Gorillas in the Mist, Fossey's book and the film about her work, have grown their ranks from 480 animals in 2010 to 604 as of June 2016. Add another couple hundred apes living in scattered habitats to the south, and their population as a whole totals more than 1,000. Believe it or not, this makes the mountain gorilla subspecies the only great apes known to be increasing in number.

Keep reading... Show less
Health
Pexels

Is Your Popcorn Laced With Hormone-Disrupting Chemicals?

By Kathryn Alcantar and Jose Bravo / Independent Media Institute

No one should be exposed to toxic chemicals in their food, particularly children. But that's exactly what the Center for Environmental Health (CEH) found in tests of microwave popcorn bags sold in Dollar Stores. These stores are frequented by communities of color and millions of poor Americans.

Keep reading... Show less
Climate
The Washington Post / Contributor / Getty Images

Climate Change May Stimulate the Chesapeake’s Blue Crab Population

By Amy Mcdermott

Jason McElwain isn't afraid of a pinch. He reached calmly into a basket of live crabs one Friday this June, and kept his cool even when a claw clamped down hard on his finger. "You get used to it after a while," he said, then yanked the crab off and tossed it into a plastic bin.

Keep reading... Show less
Sponsored
Food
Pexels

A Brief History of the Feral Blackberry

By Sara Bir

Blackberries are perhaps the best known of all foraged wild fruits. Whether they grow modestly on the perimeters of a ramshackle farm or thrive ruthlessly along the banks of a forgotten creek, there are hundreds of hidden wild blackberry havens waiting for opportunistic berry fanatics.

Keep reading... Show less
Climate
Joshua Tree National Park now has more unsafe ozone days than New York City. atramos / CC BY 2.0

Air Pollution in National Parks as Bad as 20 Largest U.S. Cities

A new study shows the importance of clean air regulations to prevent air pollution from reaching national parks.

A study published in Science Advances Wednesday found that, between 1990 and 2014, the ozone concentrations in 33 of the largest and most visited national parks were statistically indistinguishable from the ozone concentrations in the 20 largest U.S. cities.

Keep reading... Show less
Sponsored
Energy
Halliburton getting ready to frack in the Bakken formation, which underlies North Dakota, Montana, Saskatchewan and Manitoba. Joshua Doubek / CC BY-SA 3.0

Zinke’s Real Estate Deal With Halliburton Chair to Be Investigated

Ousted U.S. Environmental Protection Agency (EPA) head Scott Pruitt isn't the only polluter-friendly Trump appointee with sketchy ethics.

Keep reading... Show less
Health
"From 1992 to 2016, heat killed 783 workers in the U.S. and seriously injured nearly 70,000, according to a new report on heat risks." InsideClimateNews / USDA

Protect Workers From Extreme Heat, Advocates Urge OSHA

A broad coalition of worker advocacy, public health and environmental groups on Tuesday called on the federal Occupational Safety and Health Administration (OSHA) to create a workplace standard for heat stress.

Keep reading... Show less
Sponsored

mail-copy

The best of EcoWatch, right in your inbox. Sign up for our email newsletter!