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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...Wednesday, November 30, 2011
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...Thursday, October 27, 2011
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...Friday, July 8, 2011
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...Tuesday, April 5, 2011
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...Tuesday, April 5, 2011
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...Thursday, February 3, 2011
‘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...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 [...]
Continue reading...Wednesday, October 20, 2010
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...Tuesday, July 27, 2010
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 [...]
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#Coal’s Record Slump Poised to End on Output Cuts: #Energy Markets http://t.co/cq0eiLrveg via @BloombergNews
Tuesday, October 30, 2012
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