Alaska: No more oil and gas projects in the Arctic

Since June 2020, Deutsche Bank has been withdrawing from projects for the extraction of oil and gas in the Arctic, and new projects of this kind will no longer be supported. Since then, fracking projects for oil and gas extraction in countries with extreme water scarcity and new oil sands projects have also been excluded. In addition, Deutsche Bank is systematically reviewing its entire existing involvement in the oil and gas sector worldwide.

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