Posts Tagged with "Goldman Sachs"

Breakthrough: JPMorgan Chase Dropping Mountain Destruction

Sunday, April 13, 2014

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Breakthrough: JPMorgan Chase Dropping Mountain Destruction

This could be the tipping point for the horrific practice of Mountaintop Removal coal mining. Just this week, JPMorgan Chase updated its environmental policy, revealing that it will be ending financial relationships with Mountaintop Removal coal mining companies. Wells Fargo and BNP Paribas/Bank of the West have recently taken similar steps. If the other major [...]

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Meet Ross Bhappu, The Money Behind Coal Export Proposals On the Columbia River

Tuesday, March 4, 2014

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Meet Ross Bhappu, The Money Behind Coal Export Proposals On the Columbia River

This is a guest post by Joe Smyth of Greenpeace USA. You can follow him on Twitter at @joesmyth. The coal industry’s efforts to export huge amounts of taxpayer-owned coal from Montana and Wyoming to Asia has generated unprecedented opposition in the Pacific Northwest—tens of thousands of people have rallied, attended public hearings, and called on their [...]

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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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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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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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Goldman Sachs Sets the Wrong Target

Monday, June 4, 2012

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Goldman Sachs Sets the Wrong Target

Last week I received an announcement from Goldman Sachs proudly promoting their latest Corporate Social Responsibility (CSR) report, highlighting efforts to address environmental, social and governance issues in 2011 and an ongoing commitment to clean energy financing. At first glance, this perhaps sounds good — the optimistic side of me wants to feel some sign [...]

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Wall Street Flees Wall Street

Monday, April 9, 2012

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Wall Street Flees Wall Street

Wall Street is scared shitless. They’d never admit it, but the way the big Wall Street banks are rapidly relocating their annual shareholder meetings from the concrete canyons of Midtown and lower Manhattan this shareholder season to points south, north and west means that fear is not only visible, you can smell it on them [...]

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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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