Goldman Sachs has announced the strongest fossil-fuel finance restrictions of any major U.S. bank, a move conditionally embraced by advocacy groups such as the Sierra Club.
Goldman GS, -0.06% , with its mid-December announcement, becomes the first of the large U.S. banks to establish explicit restrictions on financing for any part of the oil-and-gas sector. The policy change stressed protecting the Arctic National Wildlife Refuge in particular.
