Bank of America’s Coal Investments Revisited

Written by Ananda

Topics: Coal, Finance

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BoA Divest from Coal

Abigail: Thursday, June 26

Activists in Charlotte paid a visit to B of A’s headquarters today, holding a banner that read “DIVEST FROM COAL” and passing out information on the bank’s dirty energy investments to bank employees and passers-by. We were visited a few times by some cops on Segways (you know, those electro-gyroscopic scooters), cops on foot, and cops on bicycles, all seeming very concerned about just how much public sidewalk we were taking up outside B of A’s monstrous building downtown. We spoke with a bunch of Charlotte residents, some of whom were genuinely surprised to hear about B of A’s involvement in financing the coal industry, and were interested to learn about the campaign against them. We were having so much fun that some local high school students joined us in handing out fliers and talking with folks as the business day ended and the street filled with busy businesspeople. A rousing day of public education and outreach was had by all.

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

  1. Monica Kuehn says:

    Brave, and thank you. Every action adds up to remind these people they’re human and make choices – and to make better ones.

  2. Dee says:

    Until Merlin, the wizard shows up, coal as an energy source is here for the long haul. We just don’t have the finances in this country to create green energy in the next 25 years. Also, we are so deep in debt with the war and everything else that our day of crumble like the Roman Empire may be earlier than the estimated year of 2040.

  3. Tom says:

    Unfortuneately, the facts rarely enter into these debates.
    1) Oil is peaking. Over the next 150 years or so oil production will decline as we exhaust oil supplies. At first, the price will skyrocket until an alternative is found. At some point all the oil will belong to whoever pumps it and even the wealthy won’t be able to buy oil at any price. Wars have been fought over much less. Based on history, the most likely country to “discover” a viable alternative to oil is the United States. Virtually all modern energy technologies were invented here in the United States.
    2) Solar: It currently takes more energy (electricity) to manufacture solar panels than they can reasonably be expected to generate in their useful lifetimes.
    3) Hydrogen: Only available from water and natural gas. The water molecule has one of the strongest bonds of any molecule requiring large amounts of electricity to split (to the point where it takes more energy to split the molecule than is contained in the hydrogen) and natural gas has many of the same future availability problems as oil. This technology will never be viable.
    4) Nuclear: This is a very good idea. The United States can do this better than the French. It will take years to build enough plants however and the greenies will fight it every step of the way adding to the delay and cost of new plants and the eventual cost of the electricity generated by them.
    5) Coal: Clean coal technology is a reality today. The really interesting future technology is liquified coal. With that and something akin to a diesel engine (clean diesel technologies are currently being explored by the Europeans) we can power our transportation needs for at least a couple of centuries (oil/tar sands will probably contribute as well). Both the United States and China have very abundant coal resources.
    If you love your country and want to see freedom, liberty and prosperity continue to exist on this planet, you’ll focus your energies on helping to develop liquified coal and clean coal technologies (as well as clean diesel technologies). Not, stifle investment in coal. The facts indicate that it may be our savior in the long run.

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  1. Activists Visit Bank of America HQ « UNC-Charlotte Earth Club

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