Posts Tagged with "Credit Suisse"

Ignoring Human Rights Abuses and Coal’s Uncertain Future, Big Banks Line Up for Piece of World’s Largest Coal Miner

Wednesday, 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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“It’s Easier to Mine Coal Without People Around.”

Monday, March 4, 2013

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“It’s Easier to Mine Coal Without People Around.”

RAN’s latest Coal Risk Update highlights the potential human rights impacts of a planned mountaintop removal mine in Blair, West Virginia. Blair Mountain is a national treasure: The mountain is the site of arguably the most important post-Civil War battlefield in the US. Currently, Arch Coal plans to build a mine that would destroy the [...]

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The Top 20 Climate Killer Banks

Wednesday, November 30, 2011

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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 [...]

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

Friday, July 8, 2011

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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 [...]

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New Mountaintop Removal Report Card: Which Banks Made the Grade

Tuesday, April 5, 2011

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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 [...]

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Putting Wall Street on Notice

Thursday, January 27, 2011

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Putting Wall Street on Notice

Last week, RAN’s coal finance campaign released its latest report, “The Principle Matter: Banks, Climate & The Carbon Principles.” The report shows that despite adopting the Carbon Principles — once a much heralded “new path” for the banking industry — what we’ve seen in practice is still just “business as usual.” Along with releasing the [...]

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Cliffside Coal Plant: An Example of What NOT to Fund

Thursday, January 20, 2011

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Cliffside Coal Plant: An Example of What NOT to Fund

Cliffside is a small town in southern North Carolina with a huge coal plant owned by utility giant Duke Energy at its center. Activists from around the southeast have organized and rallied and protested since a major expansion of the plant began in 2008. Unfortunately, despite the good work of climate activists to stop construction, [...]

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Breaking: UBS Eighth Bank To Slow Financing Of MTR

Friday, November 19, 2010

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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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A Tale of Two Swiss Banks

Wednesday, October 20, 2010

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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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Banks Bail on Coal; Top 4 banks Cut Financing for Massey Energy

Wednesday, August 11, 2010

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Two years ago no bank had a policy on coal mining, and Wall Street was providing finance and credit indiscriminately to the most destructive form of mining in the country. Bank of America, Citi, Morgan Stanley, Credit Suisse, JPMorgan Chase, and Wells Fargo have successively passed public policies limiting their financial relationships with coal operators [...]

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