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Protesters hold signs at a protest inside JP Morgan Chase headquarters in Manhattan on Nov. 20. As Goldman Sachs divests from Arctic Oil explorations, Rainforest Action Network says the move shows other Big Banks like JP Morgan Chase can too. Erik McGregor / LightRocket / Getty Images

Goldman Sachs, one of the world's largest investment banks, gave a minor victory to the divestment movement by declaring that it will not fund an new arctic oil explorations, as CNN reported.

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View of the Belchatow coal-fired power plant in Poland on Sept. 28, 2011. DAREK REDOS / AFP / Getty Images

A new paper has overturned the conventional wisdom on how to best implement a carbon tax, Grist reported Thursday.

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EcoWatch Daily Newsletter

Pete Markham

By Andy Rowell

Goldman Sachs, the investment bank at the heart of the global economy still doesn't get it.

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