When Bank of America proclaimed it would no longer finance Arctic oil and gas drilling, it was just the latest in a string of banks virtue-signaling to the climate change lobby. Few oil companies have the desire - or extra cash - to explore in the Arctic. But now asset managers and their clients are coming together to put some real pressure on the industry. About a month ago, a group of large investors known as the Institutional Investor Group on Climate Change (IIGCC) sent a letter to a number of energy firms insisting that they detail the potential…
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