Which Bank Should RAN Target Next? Vote Now!

Written by Scott Parkin

Topics: Coal

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RAN’s Global Finance Campaign is about to pick a new corporate target, and we want your input!

Our Global Finance Campaign is set to launch a new campaign to get U.S. banks to stop funding coal — the single biggest cause of global warming.

Vote clicking on one of the 3 following choices and following the link:

1. Bank of America
2. Citi (formerly Citibank)
3. JPMorgan Chase

We want to know which bank you think is America’s dirtiest!

Here’s some helpful info if you can’t decide.

Bank of America
-Responsible for a $175 million loan to the “poster child” of mountaintop removal coal mining: Massey Energy. Enough said.
-Major funder of Peabody Energy, the largest mining company in the world. Peabody was recently implicated in the contamination of Navajo and Hopi water sources in the Black Mesa area that extends through northern Utah and Arizona. Furthermore, Bank of America financing is allowing Peabody to build three new coal-fired power plants in Illinois, Kentucky and New Mexico.

-Financial backer of the largest greenhouse gas emitter in the nation: American Electric Power (AEP). AEP is heavily involved in the U.S. coal rush, building five new coal plants around the Mid-West and South. AEP will also manage up to nine coal-fired power plants within 10 miles of Meigs County, Ohio — a community already ravaged by health and environmental impacts associated with coal development.
-Funds destructive strip mining and mountaintop removal from the American Southwest to Appalachia.
-Co-owner of Texas-based utility TXU, which just got permits to build three outdated and dirty pulverized coal-fired power plants in north and central Texas.

JPMorgan Chase
-Funds Dynegy, which is sponsoring the building of 12 new coal-fired power plants — the largest coal build-out in the country.
-Helped Mid-American Energy secure $350 million in financing for construction of a new coal-fired plant in Council Bluffs, Iowa. Mid-American Energy operates dozens of power plants across the U.S. and England.

Yeah, they’re all in on it.

But who do you think is most deserving of the title “latest RAN target?”

5 Comments For This Post I'd Love to Hear Yours!

  1. Wachovia shold be targeted. i’m not sure if they contribute to any problems. but I have been involved in some of their bad practices. a few paychecks were not cashed. they said “it had to be physically moved from an electronic credit to my account and wasnt” whatever the reason. i never got my money and ended up having to pay the bank $400 and some dollars. For their mistake. mostly to get my credit near something i can use. So in my eyes this is a corrupt bank

  2. reviewing your list. jp morgan

  3. Linda says:

    My vote goes to J.P. Morgan if they are financing Dynegy who, with their partner L.S. Power, plan a 750 megawatt coal-fired plant in Northeast Iowa to be built on good agricultural land. They are bribing the community of Waterloo with $100,000 to a local black radio station and promising a lake and biking trail near the plant. So far city leaders can only see the money that is promised once the plant is operating at full capacity. We are working hard to stop this plant so your help is needed. Thanks.

  4. Princess says:

    hi nice post, i enjoyed it

  5. karen Schairer says:

    Someday, please, Wells Fargo: on an individual teller level, they are nice people, but the organization is exploitive, deceitful, and dishonest. I speak from personal experience and a long frustrating battle that got me no-where even though I had legal proff of fraud. I could not find a single attorney that wasn’t in their pocket.

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