Posts Tagged with "Wells Fargo"

Extreme Coal – No Longer Business as Usual

Thursday, April 17, 2014

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Extreme Coal – No Longer Business as Usual

For the first time since we began publishing coal finance report cards five years ago, we have an encouraging trend to report: Major banks have begun making noise about the growing financial risk associated with climate change—and specifically associated with coal, the top global contributor to carbon pollution. On top of that, major banks have [...]

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Breakthrough: JPMorgan Chase Dropping Mountain Destruction

Sunday, April 13, 2014

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Breakthrough: JPMorgan Chase Dropping Mountain Destruction

This could be the tipping point for the horrific practice of Mountaintop Removal coal mining. Just this week, JPMorgan Chase updated its environmental policy, revealing that it will be ending financial relationships with Mountaintop Removal coal mining companies. Wells Fargo and BNP Paribas/Bank of the West have recently taken similar steps. If the other major [...]

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Wall Street Flees Wall Street

Monday, April 9, 2012

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Wall Street Flees Wall Street

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 [...]

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Top 10 Dirty Corporate Tax Dodgers of 2011

Monday, April 9, 2012

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Top 10 Dirty Corporate Tax Dodgers of 2011

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 [...]

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

Friday, July 8, 2011

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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 [...]

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Corporate Tax Dodgers: The Dirtiest Dozen

Thursday, April 14, 2011

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Corporate Tax Dodgers: The Dirtiest Dozen

Co-authored by Matt Leonard Billionaire real estate investor and legendary tax evader Leona Helmsley famously said: “Only the little people pay taxes.” It turns out Helmsley was all too right. Last month’s discovery that GE paid zero in taxes in 2010 has exploded across the news. But GE is not alone. Rainforest Action Network reviewed [...]

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It’s a Mad, Mad World

Tuesday, April 12, 2011

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It’s a Mad, Mad World

“Some will rob you with a six-gun/ And some with a fountain pen.” -Woody Guthrie I’ve recently become a fan of AMC’s “Mad Men,” which chronicles, in my humble opinion, the rise of modern corporate capitalism. As far as I’m into it, it shows a hard-drinking, chain-smoking, adulterous business culture where people ruthlessly throw one [...]

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Join the Dirty Banks “Tour of Shame” at Powershift

Wednesday, April 6, 2011

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Join the Dirty Banks “Tour of Shame” at Powershift

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 [...]

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New Mountaintop Removal Report Card: Which Banks Made the Grade

Tuesday, April 5, 2011

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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 [...]

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