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‘Tis the season for new bank environmental and social policies! Last Friday, UBS was the latest to announce an updated “Responsible Banking” policy. Let’s see how it stacks up. First off, we have to commend UBS and other banks for choosing to make environmental and social commitments public. Transparency is a critically necessary component of [...]
Continue reading...Sunday, January 30, 2011
After months of speculation, Massey Energy, the most controversial coal mining company in the USA, is no more. On Saturday Alpha Natural Resources announced that it had bought out the company in a deal worth $8.5 billion. That’s a high price for the stock – metallurgical coal looks lucrative to short-sighted investors as the competing [...]
Continue reading...Tuesday, January 4, 2011
“Fight Harder” -Judy Bonds We’re mourning the passing of our friend Julia “Judy” Bonds. She was a mother, a grandmother, a coal miner’s daughter, a national leader in the mountaintop removal abolition movement, a director of Coal River Mountain Watch, and a community organizer. She’d been diagnosed with a very serious case of cancer back [...]
Continue reading...Tuesday, December 21, 2010
Making change in the world is hard work — some times decades-long hard work. But with the right combination of strategies, experience, tenacity, and allies, it is possible to achieve victories that have a lasting impact. This year, Rainforest Action Network took on corporate titans and secured real wins for the world’s forests, the climate, [...]
Continue reading...Monday, December 20, 2010
Joe Manchin is off to a poor start as the new Senator for West Virginia. Many of his constituents are furious he skipped out on the Senate’s “Don’t Ask Don’t Tell” (DADT) repeal vote on Saturday in order to attend a Christmas party. Meanwhile, he still finds time for pointless posturing on behalf of the [...]
Continue reading...Monday, December 13, 2010
Don Blankenship is going to plead the 5th in the Upper Big Branch probe. Seems that Big Don is invoking his right to avoid self-incrimination. I’m pretty shocked and awed by this bit of information. I guess all those times I called Blankenship a “homicidal maniac,” his lawyers didn’t disagree. Per Ken Ward at Coal [...]
Continue reading...Wednesday, December 8, 2010
Our friends at the Earth Quaker Action Team in Philadelphia staged a marathon-themed protest at PNC bank last month, shortly after the bank announced a public policy on financing mountaintop removal coal mining (MTR). Like RAN, EQAT felt this was a positive move, but that PNC needs to go further and completely pull their financing [...]
Continue reading...Tuesday, December 7, 2010
Just announced — Don Blankenship is set to receive a $12 million “F*** Off” package from Massey Energy. It must be very disappointing for Don, as last year he took home $18 million in salary and bonuses, the highest paid man in the coal business. Here are my thoughts about how Massey could spend that [...]
Continue reading...Monday, November 29, 2010
Last month RAN organized a protest inside PNC Bank’s Washington DC branch in coalition with the Earth Quaker Action Team, RAN Chicago and Reverend Billy and the Church of Life After Shopping. We wanted to draw attention to PNC’s role in financing mountaintop removal (MTR) coal mining in Appalachia and put pressure on the bank [...]
Continue reading...Friday, November 19, 2010
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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Indonesian gov't re-adds #Tripa to list of Moratorium protected areas. Will companies responsible be held accountable? http://t.co/EpOtZ4P2
Thursday, February 3, 2011
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