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David Solomon, chairman and CEO of Goldman Sachs. (Photo: Bloomberg)

Three months after the Trump administration announced plans to open the Arctic National Wildlife Refuge to oil and gas drilling, Goldman Sachs has pledged it will not finance drilling in the Arctic nor invest in new thermal coal mines anywhere in the world.

This news comes days after Liberty Mutual joined a number of major insurers in abandoning policies that perpetuate climate change and announced a new policy restricting coal insurance and investing.

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