Posts Tagged with "banks"

Hurricane Sandy Haunts CEOs at Economic Outlook Conference

Tuesday, December 18, 2012

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Hurricane Sandy Haunts CEOs at Economic Outlook Conference

As Bank of America Co-Chief Operating Officer, David Darnell, and outgoing Duke Energy CEO, Jim Rogers, met behind closed doors to forecast 2013′s corporate profits—a storm was brewing in Charlotte. Immediately before the heavily guarded economic summit was set to begin, an inconvenient visitor arrived and demanded to be let into the meeting: Hurricane Sandy. Buoyed [...]

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Guest Blog: Earth Quakers Deliver Toxic Water to PNC Banks

Thursday, December 6, 2012

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Guest Blog: Earth Quakers Deliver Toxic Water to PNC Banks

A Guest Blog by Amy Ward Brimmer, Executive Director—Earth Quaker Action Team On December 1, Earth Quaker Action Team (EQAT) put PNC Bank on notice: the campaign to stop PNC from financing mountaintop removal coal mining is powerful, growing, and rapidly spreading across the bank’s geographic territory. Last Saturday saw the largest single-day protest against [...]

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“Stop Financing Nightmares and Begin Financing Dreams”

Wednesday, October 31, 2012

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“Stop Financing Nightmares and Begin Financing Dreams”

I’d like to introduce my friend, Paul Corbit Brown. Paul is an exceptional individual, a human rights photographer who has spent his lifetime traveling the world documenting injustice. Paul is a native West Virginian, who grew up and lives in the heart of the Appalachian mountains where coal mining companies are systematically destroying mountains, communities [...]

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The Money Behind Otter Creek Mine

Friday, August 10, 2012

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The Money Behind Otter Creek Mine

This weekend I’m heading north to the Big Sky Country to join friends and allies at the Coal Export Action. Yesterday, my colleague Scott wrote about the focus of this protest: the Otter Creek Mine in Montana’s Powder River Basin. As with so many issues that RAN works on, money is the motivating factor that [...]

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Do We Need Natural Capital or Nature Without Capital?

Tuesday, June 19, 2012

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Do We Need Natural Capital or Nature Without Capital?

As the Rio+20 ‘Earth’ summit gets underway, we’re hearing a slew of ‘sustainability’ pronouncements and declarations from the business sector, to illustrate their planet-saving intentions. One of these is the ‘Natural Capital Declaration‘ (NCD), launched on Saturday by more than 35 financial institutions. They claim that this marks the first time the world of finance [...]

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Bank of America: Strong on Rhetoric, Weak on Climate & Coal

Monday, June 11, 2012

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Bank of America: Strong on Rhetoric, Weak on Climate & Coal

Bank of America released its new environmental initiative this morning, grandly declaring that “Today’s announcement builds on Bank of America’s legacy of leadership in the environmental arena.” While the bank’s initiative focuses on its financing of renewable energy, key construction projects and reduction of its own operational emissions (emissions from its buildings and facilities), the [...]

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Goldman Sachs Sets the Wrong Target

Monday, June 4, 2012

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Goldman Sachs Sets the Wrong Target

Last week I received an announcement from Goldman Sachs proudly promoting their latest Corporate Social Responsibility (CSR) report, highlighting efforts to address environmental, social and governance issues in 2011 and an ongoing commitment to clean energy financing. At first glance, this perhaps sounds good — the optimistic side of me wants to feel some sign [...]

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WestLB Takes A Brave Step In The Right Direction

Thursday, May 24, 2012

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WestLB Takes A Brave Step In The Right Direction

This post is by Yann Louvel, BankTrack Climate and Energy Campaign Coordinator. Last month we got some promising news from WestLB, the German bank. They produced a new policy on Arctic drilling (which our friends at Platform have written about here) and they published an update of their coal policy. While the first edition of [...]

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Dirty Money: U.S. Banks at the Bottom of the Class

Tuesday, May 1, 2012

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Dirty Money: U.S. Banks at the Bottom of the Class

Today Rainforest Action Network and the Sierra Club released our Coal Finance Report Card 2012, our third annual ranking of the largest financiers of mountaintop removal coal mining and coal-fired power plants. The report looks at the stated policies for mountaintop removal and coal financing from each of the largest US Banks and assigns a [...]

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Transforming Bank Lobbies

Thursday, April 26, 2012

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Transforming Bank Lobbies

Someone once wrote that a bank is like a giant squid wrapped around the face of humanity. And it feels as if banks have overwhelmed the neighborhood, as I walk just two blocks around my office this lunch hour, counting six different bank branch lobbies along the way. They all reach to grab my attention [...]

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