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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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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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Eye to Eye with Brian Moynihan

By Amanda Starbuck, May 9 2013

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Eye to Eye with Brian Moynihan

VIDEO: To watch more of what happened yesterday at the Bank of America shareholder meeting in Charlotte, watch the clip at the bottom of this blog post. As I stood eye-to-eye with Bank of America (BofA) CEO, Brian Moynihan, a large stop-watch projected onto the wall of the conference room started to count down. I [...]

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Charlotte Teach-In: “We can no longer afford to stand still like we’re not a part of this planet.”

By Ben Collins, May 8 2013

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Charlotte Teach-In: “We can no longer afford to stand still like we’re not a part of this planet.”

Last night, Saint Matthew’s Catholic Church in Charlotte graciously hosted a panel discussion on “Communities and Coal.” We were lucky to hear from panelists from communities impacted by coal in Appalachia and the Pacific Northwest, as well as from experts on the health consequences of climate change and the growing impacts of coal on communities [...]

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Gearing Up for Bank of America’s Shareholder Meeting

By Amanda Starbuck, May 7 2013

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Gearing Up for Bank of America’s Shareholder Meeting

I’m in Charlotte this week to talk to Bank of America’s annual shareholder meeting. For the past two years, RAN has been calling on the bank to get serious about addressing climate change.This is a bank that declares a “commitment to positive environmental change” proudly on its website and a bank that has fanfared multi-billion [...]

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Extreme Investments: 2013 Coal Finance Report Card

By Ben Collins, April 29 2013

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Extreme Investments: 2013 Coal Finance Report Card

Today, RAN, Sierra Club, and BankTrack launched our 2013 Coal Finance Report Card. This year’s report, entitled “Extreme Investments: U.S. Banks and the Coal Industry” evaluates the largest U.S. banks in terms of their financing of companies engaged in coal extraction, transport, and combustion. As our title indicates, coal has become an extreme investment. Long [...]

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Seven of Bloomberg’s Top Ten “Greenest Banks” Are Climate Killers

By Guest, April 10 2013

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Seven of Bloomberg’s Top Ten “Greenest Banks” Are Climate Killers

A Guest blog-post by Yann Louvel, BankTrack‘s Climate and Energy Campaign Coordinator This week, Bloomberg published the results of its third annual ranking of the “world’s greenest banks”: Citi was ranked first, followed by Santander and JPMorgan. The study assesses banks based on their lending to clean-energy projects and reduction in their own power consumption [...]

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Need Not Twist Boston Arms to Pressure Bank of America

By Vanessa Green, March 29 2013

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Need Not Twist Boston Arms to Pressure Bank of America

Perhaps it’s the weather or our coastal position, the intellectual attitudes or revolutionary roots–this much is clear: there is no shortage of enthusiasm in Boston to expose Bank of America (BofA) as the #1 financier of U.S. coal and climate change. We are responding to the climate emergency and we are illuminating its economic, social [...]

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