Understory: the Official Blog of RAN

NY Times:The Truth About Coal

Today’s New York Times weighed in on the coal fired power plant today with an opinion piece about Rainforest Action Network’s recent demonstrations outside Merrill Lynch’s office.

Last Wednesday, members of the Rainforest Action Network, a scrappy little advocacy group, assembled in New York outside the Citigroup Center, where Merrill Lynch has a branch office. Dressed in top hats, carrying bags of coal and calling themselves “Billionaires for Coal,” the group was protesting what it felt was the hypocrisy of a giant investment bank that proclaims a devout commitment to “environmental excellence” even as it provides financing for dirty power plants.

The op-ed goes on to say that some companies are out in front of the federal government on global warming, but that corporate bankers are still doing what comes naturally–seizing opportunities to make profit.

This is a really good example of how good organizing and street actions can drive opinion makers towards seeing the links between the financial community and climate destroying utility companies.

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