Posts Tagged with "report"

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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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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It’s Smucker’s Turn to Feel the Pressure

Monday, September 23, 2013

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It’s Smucker’s Turn to Feel the Pressure

The Snack Food 20 are really feeling the pressure! You all have sent almost 20,000 messages to the Snack Food 20 demanding that they cut “Conflict Palm Oil” tied to rainforest destruction, orangutan extinction, and human rights violations from their products. We are well on the way to reaching our goal of getting 60,600 people [...]

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BREAKING: Despite New Evidence, Cargill Denies Its Palm Oil Is Made By Slave Laborers

Thursday, July 18, 2013

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BREAKING: Despite New Evidence, Cargill Denies Its Palm Oil Is Made By Slave Laborers

Here’s the last line of a Bloomberg Businessweek article out today that exposes the human rights abuses rampant in Indonesia’s palm oil sector: “Adam, the 19-year-old who fled the PT 198 [palm] plantation in 2010, says he hopes shoppers… ask themselves a simple question when they consider which oil to buy: ‘Is there slavery in [...]

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“Coal Blooded”: New Report Says Coal Plants Disproportionately Impact Communities Of Color

Monday, November 26, 2012

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“Coal Blooded”: New Report Says Coal Plants Disproportionately Impact Communities Of Color

A new report from the NAACP called “Coal Blooded: Putting Profits Before People” (co-authored by former RAN staffer Adrian Wilson) paints a grim picture. Grim, but not surprising. Of the 378 coal plants across the country, 75 are considered to be the most toxic and receive an “F” on the report’s environmental justice report card. [...]

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Bank of America’s Greenwash Doesn’t Fly On Twitter

Wednesday, August 15, 2012

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Bank of America’s Greenwash Doesn’t Fly On Twitter

Bank of America released its so-called Corporate Social Responsibility report today. I say “so-called” because it’s still unclear how the bank justifies calling itself “socially responsible” when it is the #1 financier of US coal, the most socially irresponsible form of energy out there. Unfortunately, the report doesn’t offer any clues, as it makes no [...]

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Bank of America: Strong on Rhetoric, Weak on Climate & Coal

Monday, June 11, 2012

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Bank of America: Strong on Rhetoric, Weak on Climate & Coal

Bank of America released its new environmental initiative this morning, grandly declaring that “Today’s announcement builds on Bank of America’s legacy of leadership in the environmental arena.” While the bank’s initiative focuses on its financing of renewable energy, key construction projects and reduction of its own operational emissions (emissions from its buildings and facilities), 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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UPDATED: Activists In Charlotte, NC Take Action To Tell Bank Of America: Not With Our Money

Tuesday, November 15, 2011

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UPDATED: Activists In Charlotte, NC Take Action To Tell Bank Of America: Not With Our Money

Update 11/18/11 10:00AM PST We’ve just posted a short video recap of the day’s events. Watch it below or on YouTube. Update 11/15/11 01:59PM All eight activists are now out of jail, in good spirits, and proud of the message they sent to Bank of America today. You can send one too: Tell Bank of [...]

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Indonesian Forest Moratorium Falls Short

Tuesday, June 21, 2011

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Indonesian Forest Moratorium Falls Short

Telepak and the Environmental Investigation Agency (EIA) have just released a report confirming that the Indonesian Forest Moratorium was breeched on the day it was announced. The photographic evidence in the report verifies that KLK, a Malaysian palm oil company, was actively clearing peatlands in the area where the moratorium pilot project was meant to [...]

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