The Top 20 Climate Killer Banks

A new report titled “Bankrolling Climate Change” calls out the top 20 banks that are financing the dirty coal industry. The top three “climate killers” will not come as much of a surprise: JP Morgan Chase, Citi, and none other than Bank of America top the list with $22 billion, $18.27 billion, an $16.79 billion [...]

Continue reading...

PNC Bank’s Evolving Approach To The Energy Sector

PNC recently released their 2011 Corporate Responsibility Report. Documents like this  provide a window into how a bank thinks about its environmental and social impact. RAN has been paying close attention to PNC Bank and its approach to the energy industry for a couple of years, so I was eager to get my hands on [...]

Continue reading...

How Did the Banks Get So Weak, Anyway?

A great article from Forbes appeared in my Google alerts last week and I had to share. The article begins as yet another article describing the sad state of affairs at big US banks, namely Bank of America and Citi. The article goes on, however, to give a refreshingly short and simple explanation of how [...]

Continue reading...

Who’s Bankrolling AEP, the Coal Company Lobbying for More Coal?

American Electric Power Company, more commonly known as AEP, has been in the news lately. The banks providing funds to this dirty energy purveyor haven’t received as much scrutiny, however. Let’s fix that, shall we? Earlier this month, AEP announced that upcoming EPA clean air regulations (which have now been announced) may mean that the [...]

Continue reading...

Powershift Joins RAN on Banks Tour of Shame

Last week at Power Shift 2011, Rainforest Action Network teamed up with over a hundred youth to take the streets of Washington D.C. and speak a little truth to Wall Street’s power. Banks like Citi and PNC remain some of the biggest funders of mountaintop removal coal mining and tar sand extraction and pipeline projects [...]

Continue reading...

Corporate Tax Dodgers: The Dirtiest Dozen

Co-authored by Matt Leonard Billionaire real estate investor and legendary tax evader Leona Helmsley famously said: “Only the little people pay taxes.” It turns out Helmsley was all too right. Last month’s discovery that GE paid zero in taxes in 2010 has exploded across the news. But GE is not alone. Rainforest Action Network reviewed [...]

Continue reading...

New Mountaintop Removal Report Card: Which Banks Made the Grade

It’s way past time for the world’s banks to stop funding the wholesale destruction of Appalachia’s ecosystems. Rainforest Action Network and the Sierra Club released the 2011 Mountaintop Removal Report Card today. The report card exposes relationships between 10 of the biggest banks in the world and the top companies practicing mountaintop removal mining in [...]

Continue reading...

VIDEO: Mountaintop Removal is an American Tragedy

Mountaintop removal is an American tragedy. Plain and simple. The practice destroys hundreds of Appalachian mountains, contaminates drinking water and sacrifices America’s communities for small seams of coal. That’s exactly what actress and RAN ally Susan Sarandon has to say in our new video on mountaintop removal coal mining: This week, hundreds have convened in [...]

Continue reading...

Offical Notice: Cease Financing Coal

To: Bank of America, Citi, JPMorgan Chase, Morgan Stanley, PNC and Wells Fargo: We regret to inform you that this bank is being put on Notice. Effective immediately you must begin to cease all financing of coal-fired power-plants and related infrastructure. The Rainforest Action Network, our supporters and allies, being inhabitants of this planet, do [...]

Continue reading...

Citi Needs an Intervention

Addiction – noun \ə-ˈdik-shən, a-\: persistent compulsive use of a substance known by the user to be harmful. (Merriam-Webster) Citi has a problem. Despite renewing its vows in 2009 to tackle “Environmental and Social Risk Management,” including mountaintop removal coal mining, Citi is relapsing into fossil fuel addiction. Last year, Citi raised more than $34 [...]

Continue reading...