Posts Tagged with "UBS"

Financed emissions: A big problem for banks, and a bigger problem for the climate

Tuesday, October 30, 2012

0 Comments

Financed emissions: A big problem for banks, and a bigger problem for the climate

What is the total greenhouse gas footprint of Citigroup, Bank of America, or UBS? Right now, we don’t know, and that’s a major problem for both banks and the climate. Banks emit greenhouse gases to power their offices and branches, but they also finance the emissions of other companies through their loans, investments, and other [...]

Continue reading...

The Top 20 Climate Killer Banks

Wednesday, November 30, 2011

2 Comments

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 [...]

Continue reading...

Reverend Billy Is Free!

Thursday, October 27, 2011

0 Comments

Reverend Billy Is Free!

We just got this update from Reverend Billy of the Church of Earthalujah: Reverend Billy has been acquitted of all charges for last year’s action on Buy Nothing Day at UBS in New York City. During the action, the Stop Shopping Choir dressed as angels in flowing white robes and wings, filled the lobby, and [...]

Continue reading...

Who’s Bankrolling AEP, the Coal Company Lobbying for More Coal?

Friday, July 8, 2011

0 Comments

Who’s Bankrolling AEP, the Coal Company Lobbying for More Coal?

American Electric Power Company, more commonly known as AEP, has been in the news lately. The banks providing funds to this dirty energy purveyor haven’t received as much scrutiny, however. Let’s fix that, shall we? Earlier this month, AEP announced that upcoming EPA clean air regulations (which have now been announced) may mean that the [...]

Continue reading...

New Mountaintop Removal Report Card: Which Banks Made the Grade

Tuesday, April 5, 2011

0 Comments

New Mountaintop Removal Report Card: Which Banks Made the Grade

It’s way past time for the world’s banks to stop funding the wholesale destruction of Appalachia’s ecosystems. Rainforest Action Network and the Sierra Club released the 2011 Mountaintop Removal Report Card today. The report card exposes relationships between 10 of the biggest banks in the world and the top companies practicing mountaintop removal mining in [...]

Continue reading...

VIDEO: Mountaintop Removal is an American Tragedy

Tuesday, April 5, 2011

1 Comment

VIDEO: Mountaintop Removal is an American Tragedy

Mountaintop removal is an American tragedy. Plain and simple. The practice destroys hundreds of Appalachian mountains, contaminates drinking water and sacrifices America’s communities for small seams of coal. That’s exactly what actress and RAN ally Susan Sarandon has to say in our new video on mountaintop removal coal mining: This week, hundreds have convened in [...]

Continue reading...

New UBS Policy Fizzles

Thursday, February 3, 2011

0 Comments

New UBS Policy Fizzles

‘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...

Breaking: UBS Eighth Bank To Slow Financing Of MTR

Friday, November 19, 2010

0 Comments

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 [...]

Continue reading...

A Tale of Two Swiss Banks

Wednesday, October 20, 2010

0 Comments

We’ve been keeping our eyes on the Swiss alps as we fight to stop the destruction of Appalachia’s beautiful mountains. The reason? International banking giants provide major finance to some of the coal companies who blow up mountains to mine coal and the biggest global funder of mountaintop removal (MTR) is the largest Swiss bank, [...]

Continue reading...

PNC and UBS: Financing the Destruction of America’s Mountains

Tuesday, July 27, 2010

0 Comments

Over the past couple of years, several of the biggest banks in the world have released policies and statements regarding investments in the mountaintop removal coal mining industry. According to the MTR report card that RAN released earlier this year, the biggest banks in the financial sector have begun to recognize MTR as a risky [...]

Continue reading...