Bank of America’s Greenwash Doesn’t Fly On Twitter

Bank of America released its so-called Corporate Social Responsibility report today. I say “so-called” because it’s still unclear how the bank justifies calling itself “socially responsible” when it is the #1 financier of US coal, the most socially irresponsible form of energy out there. Unfortunately, the report doesn’t offer any clues, as it makes no [...]

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Bank of America’s New Report Touts Green Image, Downplays Dirty Emissions

This morning Bank of America rolled out its annual Corporate Social Responsibility (CSR) report, which proudly promotes the company’s commitment to greening their public image but fails to address its biggest environmental impact: financing the coal industry. Bank of America wants to have it both ways: The bank wants to appear as a responsible corporate [...]

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Another European Bank Voices Risks of Financing Coal Plants

 RAN is challenging the largest U.S. banks to address their financing of coal power and we’re concerned that they are falling behind their European competitors. Last week, French banking giant BNP Paribas released its new corporate social responsibility (CSR) policy on coal power. (Those of you who enjoy reading bank statements can check out the [...]

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Bank Of America’s Shirking Responsibility Statement

Last week, Bank of America released its 2010 Corporate Social Responsibility Report. It is more accurately described as “Bank of America’s 2010 Shirking Responsibility Report,” however. The document, titled “Opportunity in Motion,” is  87 pages of information about how the company conducts global business and holds itself accountable to “customers, employees, shareholders and communities,” according [...]

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What Do Cargill’s Recent Palm Oil Commitments Mean For Its Customers?

“Whether we like it or not it is very largely our industry which is providing the economic incentives for individuals and companies to chop down trees… Between us, we spend billions of dollars buying these commodities. We can make a difference if we buy them differently and better.” – A senior Unilever executive in a [...]

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Breaking: UBS Eighth Bank To Slow Financing Of MTR

More good news for our global finance campaign – this week Swiss banking giant UBS issued a public statement highlighting the regulatory and reputational concerns around mountaintop removal (MTR) coal mining in Appalachia. UBS is the eighth bank to do this! Significantly, UBS has been the biggest funder of MTR coal mining, including the worst of [...]

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Another Big Bank Turns Away from Mountaintop Removal!

I’m saying ‘Thank you’ this week to PNC bank — which has just released its public position on Mountaintop Removal (MTR) Coal Mining. Here’s PNC’s policy in full — and a key extract: MTR is the subject of increasing regulatory and legislative scrutiny, with a focus on the permitting of MTR mines. While this extraction [...]

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A Tale of Two Swiss Banks

We’ve been keeping our eyes on the Swiss alps as we fight to stop the destruction of Appalachia’s beautiful mountains. The reason? International banking giants provide major finance to some of the coal companies who blow up mountains to mine coal and the biggest global funder of mountaintop removal (MTR) is the largest Swiss bank, [...]

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