Fifty globally significant financial institutions have introduced policies restricting oil sands and/or oil and gas drilling in the Arctic including 23 to date this year, highlighting global capital continues to flee fossil fuels.
Of those, the world's largest multilateral lender, the European Investment Bank (EIB) has the strictest and best policy, announcing in 2019 that it will be out of all oil and gas by the end of next year.
Accelerating divestment from oil and gas shows similar early trends to global financial institution's exit from coal