Posts Tagged with "bofa"

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

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

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

Monday, June 24, 2013

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

Wednesday, 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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It’s Bank of America’s Annual Shareholder Meeting: Time to Voice Discontent

Tuesday, May 7, 2013

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It’s Bank of America’s Annual Shareholder Meeting: Time to Voice Discontent

I know you care—in the past couple months, you’ve already taken multiple online actions to urge Bank of America to stop funding the coal industry. And as you are reading this, I am outside the Bank of America shareholder meeting in Charlotte, North Carolina, with a group of 30 people who have been negatively impacted by [...]

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Another Bad Call by Bank of America… And I Ain’t Just Talking Football

Friday, September 28, 2012

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Another Bad Call by Bank of America… And I Ain’t Just Talking Football

I imagine there are quite a few folks over at Bank of America thanking god it’s Friday right about now, because this was one hell of a bad week for them. In fact, it’s been a pretty bad couple of weeks for the bank. And for Bank of America, of all companies, to have a [...]

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Thousands March on Wall Street South, Bank of America

Tuesday, September 4, 2012

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Thousands March on Wall Street South, Bank of America

Just days before DNC delegates descended on Charlotte, the streets here were filled with throngs of the 99%. Nearly 2,000 protestors marched through the heart of Wall Street South, stopping to demand social, economic and environmental justice outside the headquarters of Bank of America and Duke Energy. In 92 degree heat, the pervasive mood was [...]

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Patriot Coal: Another One Bites the Dust

Wednesday, July 11, 2012

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Patriot Coal: Another One Bites the Dust

Big news this week in the coal industry: Patriot Coal, the third-largest Mountaintop Removal (MTR) coal mining company, is filing for bankruptcy. Bank of America is among the banks providing bankruptcy filing services for Patriot. This is a real opportunity for BofA to use its influence and environmental ambition to work with Patriot and forward-thinking [...]

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UPDATED Bank of America Shareholder Meeting Protests Underway

Monday, May 7, 2012

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UPDATED Bank of America Shareholder Meeting Protests Underway

UPDATED: Wednesday, May 9th at 1:30 EST As Bank of America’s executives, board, and shareholders gathered at the bank’s shareholder meeting in Charlotte, NC, thousands of protesters took to the streets and inside the meeting hall to speak out against BofA’s practices that are destroying our environment and our economy. The Flickr slideshow below will [...]

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Bank of Coal: Bank of America Stadium Gets Renamed

Wednesday, May 2, 2012

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Bank of Coal: Bank of America Stadium Gets Renamed

As the largest financier of the U.S. coal industry, Bank of America should be called the “Bank of Coal.” So we decided to rename it. Today, five RAN activists scaled Bank of America Stadium and dropped a 70′ x 25′ banner reading “Bank of America Coal.” What better place to send our message than BofA [...]

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