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Wall Street Is Bending to Pressure to Halt Arctic-Oil Loans

  • Activists pivot from lobbying Congress to lobby lenders
  • Pressure campaign is new challenge to ANWR oil exploration

Source: U.S. Fish and Wildlife Service/Getty Images

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The latest front in the war against drilling for oil in Alaska’s rugged wildlife refuge isn’t Washington -- it’s Wall Street.

Activists trying to keep rigs out of the Arctic National Wildlife Refuge are now focused on choking off the flow of money needed to exploit the reserve. As big as South Carolina, it is home to caribou and grizzlies -- and possibly billions of barrels of oil.