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A Guest blog-post by Yann Louvel, BankTrack‘s Climate and Energy Campaign Coordinator This week, Bloomberg published the results of its third annual ranking of the “world’s greenest banks”: Citi was ranked first, followed by Santander and JPMorgan. The study assesses banks based on their lending to clean-energy projects and reduction in their own power consumption [...]
Continue reading...Monday, April 9, 2012
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 [...]
Continue reading...Monday, April 9, 2012
Two weeks ago it was announced that the U.S. has the highest corporate tax rate in the world sparking furious debate from Fox News types concerned about corporate well being. At RAN, we decided to dig a little deeper to see whether the corporate tax rate really is unfairly penalizing multi billion dollar corporations. Our [...]
Continue reading...Wednesday, April 6, 2011
Going to Powershift? Want to stop Big Coal and Big Oil? Aren’t you tired of how Wall Street literally gets away with murder? Then put a little “action” in your life with Rainforest Action Network (action is our middle name, after all.) Please join RAN and friends on Saturday April 16th at 1:00pm outside the [...]
Continue reading...Monday, March 14, 2011
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...Tuesday, May 18, 2010
Hello from New York, where I spent the morning at JPMorgan Chase’s annual shareholder meeting. It was a packed event. After a year of financial turmoil, from which Chase has emerged as the biggest US bank, people lined up to alternately express their confidence in CEO Jamie Dimon, or to slam the bank for profiteering [...]
Continue reading...Thursday, May 13, 2010
Today Rainforest Action Network, the Sierra Club and BankTrack issued a report card that ranks nine of the world’s largest banks on their financing of dangerous mountaintop removal (MTR) coal mining projects as well as their MTR lending policies. The report revealed that PNC, JPMorgan Chase and UBS received failing grades as the lead financiers [...]
Continue reading...Wednesday, May 12, 2010
RAN Chicago and The Topless America Project participated in last week’s day of action against JPMorgan Chase’s financing of mountaintop removal coal mining. They visited a Chase branch in Chicago and brought speakers, a banner, flyers and some of them even canceled their Chase accounts. We just got this video from their event, check it [...]
Continue reading...Thursday, April 1, 2010
Reportback from RAN Chicago: In celebration of Fossil Fools Day, RAN activists in Chicago “fooled” customers by taping off drive through ATM’s and posting signs stating “this bank has been closed for ethical reasons”. At other branches, employees were greeted in the morning with banners attached to scaffolding outside of the buildings. Finally, during the [...]
Continue reading...Tuesday, March 30, 2010
Check out this excellent article by Andy Kroll at Mother Jones that examines how “Wall Street darlings” JPMorgan Chase are “underwriting environmental Armageddon” by funding mountaintop removal coal mining companies, such as Massey Energy and Arch Coal. This may not be news for regular readers of the understory, but there is a significant revelation here. [...]
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Wednesday, April 10, 2013
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