Posts Tagged with "global warming"

Extreme Coal – No Longer Business as Usual

Thursday, April 17, 2014

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Extreme Coal – No Longer Business as Usual

For the first time since we began publishing coal finance report cards five years ago, we have an encouraging trend to report: Major banks have begun making noise about the growing financial risk associated with climate change—and specifically associated with coal, the top global contributor to carbon pollution. On top of that, major banks have [...]

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All Our Water is Going to a Plant We Don’t Eat to Support a Diet We Don’t Need.

Tuesday, April 8, 2014

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All Our Water is Going to a Plant We Don’t Eat to Support a Diet We Don’t Need.

2013 went down as the driest year in California’s recorded history.  A major reservoir outside of Sacramento has been reduced from 83% to 36% capacity in just over 2 years.  In the Central Valley, 1,200 square miles of land is sinking at a rate of 11 inches a year from the drilling of groundwater.  And [...]

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Climate Culprits Exposed In New Scorecard

Wednesday, March 5, 2014

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Climate Culprits Exposed In New Scorecard

We know that keeping forests standing, along with keeping fossil fuels in the ground, offers Earth’s best hope for fighting catastrophic climate change. Yet everyday rainforests and carbon-rich peatlands are destroyed, burnt and replaced with row upon row of palm oil plantations. This destruction has propelled Indonesia, the world’s largest exporter of palm oil, into [...]

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STAPLES: Don’t Jump the Gun with APP

Wednesday, February 26, 2014

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STAPLES: Don’t Jump the Gun with APP

Activists with Rainforest Action Network staged a direct communication today at office-supply giant Staples. Displaying a banner that read, “Staples: It’s Too Soon to Buy from APP,” a group of activists voiced their opposition to the company’s recent decision to resume purchasing paper from Asia Pulp and Paper (APP). One of Indonesia’s most notorious deforesters, [...]

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APRIL Misses the Mark with New Forest Management Policy

Friday, January 31, 2014

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APRIL Misses the Mark with New Forest Management Policy

On Tuesday, Indonesia’s second largest pulp and paper company, Asia Pacific Resources International Limited (APRIL), released an updated Sustainable Forest Management Policy. While this policy is notable, especially given APRIL’s recent suspension from the World Business Council on Sustainable Development (WBCSD), it falls far short of what is needed for APRIL to clean up its [...]

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Investor Summit: Bank of America puts our Climate at Risk

Wednesday, January 29, 2014

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Investor Summit: Bank of America puts our Climate at Risk

This post is by Yann Louvel, BankTrack Climate and Energy Campaign Coordinator. Earlier this month, Bank of America participated in the 2014 Investor Summit on Climate Risk as the “convening sponsor” of the event. While there was a lot of talk about the urgency of the problem of tackling climate change, there were a few things the [...]

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Goldman Sachs Sacks Coal Export Investment

Friday, January 10, 2014

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Goldman Sachs Sacks Coal Export Investment

This year got off to a good start when Goldman Sachs withdrew its investment in the dirtiest coal project on the west coast by selling off its equity investment in Carrix, the parent company of SSA Marine, which was behind a colossal coal export terminal proposal near Bellingham, Washington. The move comes after coal companies [...]

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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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Lumber Liquidators: Trading Siberian Tigers, Organized Crime, and Illegal Logging for Cheap Flooring

Tuesday, November 19, 2013

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Lumber Liquidators: Trading Siberian Tigers, Organized Crime, and Illegal Logging for Cheap Flooring

A shocking new report shows direct ties between hardwood flooring giant Lumber Liquidators, organized crime, and the illegal logging of the habitat of the last 450 Siberian Tigers. This shameless disregard for the last few remaining members of the species in pursuit of cheap flooring is not only disgusting, it’s illegal under American law and [...]

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Conflict Palm Oil Case Study – Cargill and Snack Food 20 At Risk!

Thursday, October 31, 2013

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Conflict Palm Oil Case Study – Cargill and Snack Food 20 At Risk!

[TRIGGER WARNING] This article documents rainforest destruction and incidents of orangutan fatalities in relation to the production of Conflict Palm Oil which is regularly used by Cargill and the Snack Food 20 companies. Pictures in this article and in the full report are disturbing. “Conflict Palm Oil” is now one of the leading causes of [...]

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