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A county in Wyoming is withdrawing funds from a national bank to protest its policy change concerning the financing of some coal, oil and natural gas projects.
San Francisco-based Bank of the West recently announced the change that has stoked anger in the Rocky Mountain region, where fossil fuels are an important part of the economy.
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Bank officials say they don’t oppose the fossil fuels industry but advocate for its transition to renewable energy to reduce carbon emissions.
Sweetwater County in Wyoming has several major gas-drilling areas. It says it is on schedule to withdraw its funds from the bank by Oct. 1.
The Rock Springs Rocket-Miner reports that county commissioners voted 5-0 in August to stop doing business with the bank.
Information from: Rock Springs (Wyo.) Rocket-Miner, http://www.rocketminer.com