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Breakthrough: JPMorgan Chase Dropping Mountain Destruction

By Amanda Starbuck, April 13 2014

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Breakthrough: JPMorgan Chase Dropping Mountain Destruction

This could be the tipping point for the horrific practice of Mountaintop Removal coal mining. Just this week, JPMorgan Chase updated its environmental policy, revealing that it will be ending financial relationships with Mountaintop Removal coal mining companies. Wells Fargo and BNP Paribas/Bank of the West have recently taken similar steps. If the other major [...]

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Cargill’s Latest Trade in Conflict Palm Oil

By Robin Averbeck, April 2 2014

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Cargill’s Latest Trade in Conflict Palm Oil

Over the past months, we’ve been working on a report profiling Kuala Lumpur Kepong Berhad (KLK), one of the most notorious producers of Conflict Palm Oil on the planet. We knew when we started that KLK’s practices were devastating, but nothing could have prepared us for what we uncovered. Today we released a report profiling [...]

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Meet Ross Bhappu, The Money Behind Coal Export Proposals On the Columbia River

By Guest, March 4 2014

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Meet Ross Bhappu, The Money Behind Coal Export Proposals On the Columbia River

This is a guest post by Joe Smyth of Greenpeace USA. You can follow him on Twitter at @joesmyth. The coal industry’s efforts to export huge amounts of taxpayer-owned coal from Montana and Wyoming to Asia has generated unprecedented opposition in the Pacific Northwest—tens of thousands of people have rallied, attended public hearings, and called on their [...]

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Investor Summit: Bank of America puts our Climate at Risk

By Guest, January 29 2014

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Investor Summit: Bank of America puts our Climate at Risk

This post is by Yann Louvel, BankTrack Climate and Energy Campaign Coordinator. Earlier this month, Bank of America participated in the 2014 Investor Summit on Climate Risk as the “convening sponsor” of the event. While there was a lot of talk about the urgency of the problem of tackling climate change, there were a few things the [...]

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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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Banks Move to Measure Their True Climate Impacts

By Amanda Starbuck, October 29 2013

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Banks Move to Measure Their True Climate Impacts

The banking sector has a huge influence on climate change. Behind every energy carbon-emitting utility, fossil fuel company and infrastructure project you will find a complex web of financing: from underwriting and loans, to advisory services and asset management. For the last decade, our team at RAN has been challenging banks to take responsibility and [...]

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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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