Bank of America stops funding Mountain Top Removal
Victory for Appalachia and anti-coal movement
San Fransisco, Dec 4 2008 | Rainforest Action Network
Rainforest Action Network praised Bank of America today for its decision to phase out financing for companies that practice mountaintop removal coal mining, a highly destructive and controversial method of coal extraction. The announcement, part of a new coal policy released on the bank’s website, reads: “We…will phase out financing of companies whose predominant method of extracting coal is through mountain top removal.”
“Bank of America’s decision is a giant leap forward in the fight against mountaintop removal coal mining, which has devastated Appalachian communities and the mountains and streams they depend on,” said Rebecca Tarbotton, director of Rainforest Action Network’s…read more
China adopts sustainable lending laws
Shows potential way forward for global financial regulators
US and Netherlands, Nov 20 2008 | Friends of the Earth US
A new report released today by BankTrack analyzes green finance policies introduced in China over the past…read more
Rainforest Action Network study ranks financed emissions of Canadian banks
Website lets customers compare carbon footprint of personal accounts
San fransisco, Nov 19 2008 | Rainforest Action Network
Rainforest Action Network (RAN) released a new report and website today ranking the carbon footprints of Canada’s top banks: RBC, TD, Scotiabank, CIBC, BMO, Vancity and Desjardins. Financing Global Warming: Canadian Banks and Fossil Fuels is the first report to…read more