BankTrack News
More US and European Banks step back from Mountaintop Removal
2014 |
BankTrack
2014 |
BankTrack
In 2013, BNP Paribas pledged to cut financing for top producers of mountaintop removal coal. In spring 2014, JPMorgan Chase updated its environmental policy committing to aggressively reduce its financing relationships with mountaintop removal coal mining companies. And in April 2014, Royal Bank of Scotland followed suit, updating their environmental policies to prohibit financing to companies who are "significant producers of coal using mountaintop removal (MTR) mining in Appalachia."
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