West Virginia Chemical Leak Poisons 300,000 Peoples’ Water Supply

By Amanda Starbuck, January 13 2014

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West Virginia Chemical Leak Poisons 300,000 Peoples’ Water Supply

Since last Thursday’s toxic spill, when a coal-processing chemical spilled into West Virginia’s Elk River, roughly 300,000 people have lost access to tap water. Our friends at groups like OVEC, Keepers of the Mountain, Coal River Mountain Watch and Aurora Lights are volunteering and working long days to  drive clean water supplies to desparate and [...]

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Goldman Sachs Sacks Coal Export Investment

By Amanda Starbuck, January 10 2014

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Goldman Sachs Sacks Coal Export Investment

This year got off to a good start when Goldman Sachs withdrew its investment in the dirtiest coal project on the west coast by selling off its equity investment in Carrix, the parent company of SSA Marine, which was behind a colossal coal export terminal proposal near Bellingham, Washington. The move comes after coal companies [...]

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Banking on Coal: New BankTrack Report Highlights Bank Complicity in Global Coal Mining Boom

By Ben Collins, December 12 2013

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Banking on Coal: New BankTrack Report Highlights Bank Complicity in Global Coal Mining Boom

“Most innovative investment bank for climate change.” – Citigroup “Mak(ing) your life greener and help(ing) tackle climate change.” – Morgan Stanley “Financing a low carbon economy.” – Bank of America When banks tout slogans such as these, you might expect them to mean that they plan to phase out financing for coal, the single largest [...]

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Heads Up, Big Banks: The Divestment Movement is Coming for You

By Guest, October 14 2013

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Heads Up, Big Banks: The Divestment Movement is Coming for You

This post is cross-posted from WeArePowerShift, and was authored by Harry Alper, a 2011 graduate of Washington University in St. Louis and organizer with Rainforest Action Network. It’s May 2013, and Bank of America CEO Brian Moynihan is having a bad day. Moynihan is presiding over his bank’s annual shareholder meeting in Charlotte, North Carolina, [...]

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Divestors Take Their Fight to Big Banks

By Guest, October 10 2013

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Divestors Take Their Fight to Big Banks

Cross-posted from Fossil Free blog. This post was written by Hannah Jones, Swarthmore Mountain Justice alumna. If you’re reading this, you already know: we’re living in a time of unprecedented climate activism. Yet even as student divestment campaigns command the attention of the president and major newspapers, many campuses are hearing disappointing noises from their [...]

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Coal India to Investors: What’s a Few Billion Tons of Coal Between Friends?

By Ben Collins, September 24 2013

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Coal India to Investors: What’s a Few Billion Tons of Coal Between Friends?

Yesterday, Greenpeace and the Institute for Energy Economics and Financial Analysis (IEEFA) released a report that reveals that Coal India, the world’s largest coal miner, may be overstating its coal reserves by an estimated 3.5 billion metric tons. As the company and its bankers prepare a new offering of Coal India shares to the investing [...]

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Ignoring Human Rights Abuses and Coal’s Uncertain Future, Big Banks Line Up for Piece of World’s Largest Coal Miner

By Guest, September 4 2013

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Ignoring Human Rights Abuses and Coal’s Uncertain Future, Big Banks Line Up for Piece of World’s Largest Coal Miner

This is a guest post by Ashish Fernandes, a climate campaigner with Greenpeace. Green is in on Wall Street. Or so you’d think, if you believe the sustainability policies of some of the United States’ biggest banks. Bank of America, Citi, Goldman Sachs, JP Morgan and Morgan Stanley all have paid lip service to environmental [...]

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Coal India Threatens Communities and Forests

By Amanda Starbuck, August 22 2013

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Coal India Threatens Communities and Forests

This summer, the RAN energy team has been casting our eyes around the globe and researching the impact that coal mining is having on deforestation. One of the regions that we are most concerned about is in India, where more than 1.1million hectares of forest are threatened by the expansion of open-pit coal mining. Open-pit [...]

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Dump Now, Pay Later: Coal Risk Update on Coal Ash

By Ben Collins, July 2 2013

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Dump Now, Pay Later: Coal Risk Update on Coal Ash

Each year, the U.S. coal-fired power plant fleet produces over 130 million tons of coal ash. And while this ash frequently contains arsenic, lead, mercury, and other toxic chemicals that threaten human health, it is less regulated than your household trash. For decades, power plants have disposed of coal ash in over 2,000 landfills and [...]

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Bank of America’s New Corporate Social Responsibility Report Defends Business-as-Usual on Coal

By Ben Collins, June 24 2013

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Bank of America’s New Corporate Social Responsibility Report Defends Business-as-Usual on Coal

This morning, Bank of America released its 2012 Corporate Social Responsibility (CSR) report, which falls well short of committing to the serious action we need from banks on climate change. Just ahead of the president’s climate speech tomorrow, which is anticipated to set reductions for emissions from existing power plants, it is disappointing to find [...]

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