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arctic drilling
The Arctic Is the Last Frontier, Trump Could Make It the Lost Frontier
With Trump’s return to the Oval Office, fossil fuel giants will get another chance to turn this pristine wilderness into the country’s largest gas station.
Jan 10, 2025
I’ve guided trips to Alaska’s North Slope and Brooks Range Mountains for 31 years, and I always start out with the same speech: “You are headed to some real wild country.” Alaska’s Arctic is home to some of our most iconic landscapes. This is probably the wildest place left in the United States and some of the most remote country in North America. What you see there—and what you won’t see–are things you’ll never forget.
I had guided rafting trips for a number of years across the western U.S., but I was unprepared for the sheer scale of this country. At all points of the compass, nothing but tundra for days and a river filled with exotically beautiful aufeis–layer upon frozen layer of ice. I’ve seen caribou, wolves, bears–a muskox nearly trampled my tent. I’ve had the good fortune to return to this landscape every year and it still is as wild and free from development as ever–for now. But with the return of Donald Trump to the White House, that could soon change.
To stem the tide of species loss and to give our environment a fighting chance, we need to protect more lands and waters by the end of the decade than we did in the last century.
The Arctic as we currently know it is thanks to Jimmy Carter, who passed away last week at the age of 100. Carter signed the Alaska National Interest Lands Conservation Act created 16 wildlife refuges, 13 national parks, two national monuments, two national forests, two conservation areas, and 26 wild and scenic rivers, and designated 57 million acres of wilderness. Ironically, Carter’s funeral will happen the same day the Biden administration holds its final lease sale in the Arctic Refuge—the smallest version they could legally offer. It’s a fitting move from an administration that, unlike Carter, had a complicated approach to the Arctic.
The Western Arctic was the setting for one of President Biden’s worst climate decisions—the March 2023 approval of the Willow project. Instead of preserving these landscapes from extraction, the president seemed to extend a new and dark era for the Arctic that began with Trump’s approval of oil drilling in the Arctic Refuge in 2017.
But a lot can change in a few months, and the Biden administration seemingly shifted strategies in the Western Arctic from extraction to preservation. Beginning last summer, the White House advanced a slate of new protections to safeguard millions of acres of public lands from oil and gas drilling. This summer was my 31st leading people into the Brooks Range mountains and the tundra beyond to the north in those little planes, and as we flew over wild Alaskan landscapes, we saw no signs of human development—in part due to Biden’s actions. But oil and gas companies will soon have a new ally to turn to.
With Trump’s return to the Oval Office, those same companies will get another chance to turn this pristine wilderness into the country’s largest gas station. On the campaign trail, Trump made it clear he would “drill, baby, drill” and give those Big Oil CEOs free rein to drill wherever and whenever they could. Opening up the Arctic Refuge to drilling was one of the first actions the Republican trifecta took in 2017, and extending that law is one of their top priorities this time around. For Arctic communities, wildlife, and ecosystems, it’s the biggest threat in a generation.
We’re currently witnessing an extinction crisis driven by habitat destruction, and the key driver of habitat destruction is development. At the same time, the effects of the climate crisis are being exacerbated by development that destabilizes ecosystems and natural carbon absorption. To stem the tide of species loss and to give our environment a fighting chance, we need to protect more lands and waters by the end of the decade than we did in the last century. The Arctic survived four years of Trump, but it’s up to us to ensure it survives another four.
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Our Financial System Is a Suicide Machine
Last week, Bank of America engaged in perhaps the single most irresponsible about-face of the climate era.
Feb 07, 2024
Bank of America has its roots in California. Founded in Los Angeles in 1923, it was acquired by a San Francisco bank, which took the name in 1930—and over time it has grown to become the world’s second-largest bank by deposits, second only to New York-based Chase.
I tell you this for two reasons. One, California is, as of this writing, being absolutely battered by an “atmospheric river” that has knocked out power to hundreds of thousands and caused mudslides on high ground along the Pacific Coast. As Andrew Dessler pointed out yesterday, the physics are pretty simple: “A warmer planet has more water vapor in the atmosphere. And, everything else being the same, an atmospheric river carrying more water vapor will cause more rainfall when it hits land and starts rising.”
And second, Bank of America is a proximate cause of this kind of chaos, because it refuses to stop lending for fossil fuel expansion. Indeed, last week it engaged in perhaps the single most irresponsible about-face of the climate era.
They’re far more afraid of some oil-soaked GOP state treasurer than they are of an atmospheric river bearing down on the world’s fifth largest economy.
Three years ago—in the wake of the Greta-inspired mass uprising of young people around the world—Bank of America apparently felt it had to make some gesture, so it chose a pretty easy route to demonstrate its newfound greenness. It said it would no longer lend for new coal mining or coal-fired power plants or for new oil exploration in the Arctic. These were seen to be beyond the pale because… well, they are. They represent some of the most egregious possible insults to this planet.
But last week they said, never mind. If you want some money for a new coal mine, our window is open again. If you’re an oil company that feels like searching for oil in the Arctic now that you’ve melted it, we can make a deal. As the Times reported last week
Bank of America’s change follows intensifying backlash from Republican lawmakers against corporations that consider environmental and social factors in their operations. Wall Street in particular has come under fire for what some Republicans have called “woke capitalism,” a campaign that has pulled banks into the wider culture wars.
That is to say, they’re far more afraid of some oil-soaked GOP state treasurer than they are of an atmospheric river bearing down on the world’s fifth largest economy. It’s proof, of course, that their words about climate change were just pious nonsense. They’d insisted that they understood how crucial it was to change: “Climate change is no longer a far off risk but rather a global concern with impacts that are already beginning to unfold, including increased frequency and severity of extreme weather conditions, melting glaciers, loss of sea ice, accelerated sea-level rise, and longer, more intense heatwaves and droughts.” But that was, we now understand, to be understood entirely as greenwashing, an effort to reduce the heat they were temporarily feeling.
The actual heat they could care less about. It’s not like something has happened since 2021—except the hottest year in the last 125,000, which takes us back even before the advent of money, if BofA executives can even imagine such a time.
But the only weather change they’ve noticed is political. Out with Greta et al., in with GOP politicians saying scary things. And BofA is not alone. The Bureau of Investigative Journalism reported last week that global giant HSBC, despite a solemn promise that it would stop financing new oil and gas fields, has found ways to keep
selling shares in the refining business of Saudi Aramco, one of the most aggressive expanders of oil and gas. An investor in HSBC told the Bureau of Investigative Journalism that the bank’s policy has been cleverly worded to allow it to fund some of the world’s biggest polluters while boasting about its green credentials.
An analysis of Refinitiv data by TBIJ has found that in the year since HSBC’s new policy was announced, the bank has helped raise more than $47 billion (£37 billion) for companies that are expanding the production of oil and gas, despite dire warnings from scientists that this will push the world beyond its survivable limits.
This is all just sick. The International Energy Agency said in 2021 that if we had a chance of meeting the Paris temperature targets, finance for fossil fuel expansion had to end now. But the banks, and big asset managers like BlackRock, just can’t help themselves. For short-term gain, and to protect themselves from attack by right-wing politicians, they are willing to break the back of the planet’s climate system. The unbelievable economic fallout of those decisions—the fact that the world be immensely poorer, with its prospects hugely degraded, by the resulting rise in temperature—will be the problem of some other CEO down the road; it’s hard not to see our financial system as a suicide machine.
Fighting back is hard. At places like Third Act, we’ve done loads of sit-ins and pickets, and it helps—that’s the kind of action that forced these pledges in the first place. But we need some big players on our side. We’re trying, for instance, to convince Costco to pressure its banker Citi; we need the big tech companies, too, to worry not just about about the climate impact of their phones but also about the climate impact of their money (which is far far larger).
We have some champions, of course, but they’re not as hard-hitting as their Red State counterparts. Brad Lander, comptroller of New York City, gets credit for being willing to take the banks on—last week he announced that he’d try to get them to disclose their ratio of dirty energy to clean energy lending, which would certainly be good to know.
“Despite all their talk, the big banks have made little progress in the energy finance transition over the past couple of years,” said Comptroller Lander. “As long-term investors exposed to climate risk, we can’t just take their word for it. Reporting transparently on their ratios of clean energy to fossil fuel finance is key to seeing whether or not they are living up to their net-zero commitments. Right now, they aren’t—and that must change. Our planet, our economy, and our investment portfolios are all at stake.”
All of that is true. But if the planet is at stake, then perhaps a somewhat harder shove might be required. Lander’s plan seems like a way to win slowly, which on most political issues makes sense. But unless he also has a plan to refreeze a melted Arctic, this kind of pressure seems a tad too gentlemanly.
As you can tell, this about face by BofA stings. It takes so much work to move these guys an inch, and then given half a chance they slide right back to where they were before.
Small banks seem able to make money doing decent things—here’s a nice story about a merger of local California banks where they pledged, among other things, to “refrain from any new financing of fossil fuel extraction activities, especially expansion projects that would develop and lock in dependence on new fossil fuel infrastructure, either through corporate or project-based finance, subject to compliance with banking rules and regulations.”
But the big boys? Damn them to hell, which is clearly where they’re content to send all of us.
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Bye-Bye, Big Oil: Obama Administration Scraps Arctic Drilling Plans
Campaigners say that the Obama administration is heeding the call of the climate movement—and slowly shifting action to match its rhetoric on global warming
Oct 17, 2015
The Obama administration announced late Friday that it was canceling new lease sales for drilling in the Arctic's Beaufort and Chukchi Seas. Environmentalists hail this decision as a step toward keeping unburnable oil "in the ground."
Interior Secretary Sally Jewell declared that two offshore lease sales scheduled for 2016 and 2017 would be canceled, citing "current market conditions" and "low industry interest" and Shell's recent decision to scrap its Arctic drilling plans.
However, campaigners said the move was likely the result of the fierce opposition campaign and the growing awareness that if the White House intends to reduce our greenhouse gas emissions, the country must cease new oil exploration and, instead, invest in more renewable energy alternatives.
"Scientists have long been clear that fully 100% of Arctic oil is unburnable if we're serious about averting the worst impacts of climate change. That's why the climate movement stepped up and forced even the most irresponsible company on Earth to admit that it wouldn't make sense to drill in the Arctic," said 350.org executive director May Boeve. "Now, the Obama administration is heeding the call as well--and slowly shifting action to match its rhetoric on climate change."
Boeve said that the Keystone XL pipeline company, TransCanada, and the rest of Big Oil should "take this as a very bad sign for their future."
The Interior Department also noted that the Bureau of Safety and Environmental Enforcement (BSEE) also denied requests from Shell and Statoil for extensions on their drilling leases, meaning the current lease for drilling in the Beaufort Sea will expire in 2017 and 2020 for the Chukchi Sea.
Miyoko Sakashita with the Center for Biological Diversity hailed the move as a "huge win for Arctic wildlife and our climate."
"Americans have spoken repeatedly about the perils of Arctic drilling," Sakashita said. "It's gratifying to see these leases finally canceled, and now it's time to declare the Arctic off-limits to drilling forever."
Echoing the sentiments of other groups that want to see the administration follow through with strong decisions against the Keystone XL pipeline and fossil fuel leasing on public lands, Sakashita added: "It can't stop here though: It's time to take the next step and pledge to keep this oil in the ground and transition quickly to energy sources that are safer, smarter and better for all of us."
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