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On May 2, a week before BofA's annual shareholder meeting is to be held here in Charlotte, five activists scaled Bank of America Stadium and dropped a 70” x 25” banner reading --Bank of Coal.

Over the past 2 years, Bank of America has invested more than $6.4 billion in coal. Bank of America is the biggest bank in the United States and the biggest underwriter of the coal industry -bankrolling coal mining, infrastructure investments and coal plants around the country. While Bank of America claims to support environmental responsibility, it continues to lead investments in coal, one of the biggest threats to public health and climate stability.

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In 2013, banks poured $31.7 billion in financing the worst-of-the-worst U.S. coal mining and coal-fired power companies.

Publications

This fifth annual Coal Finance Report Card published by Rainforest Action Network, the Sierra Club, and BankTrack, assesses the impacts of the banking industry’s financing of the coal industry.
Dump Now, Pay Later: Coal Ash Disposal Risks Facing U.S. Electric Power Producers
In this fourth annual Coal Report Card, Rainforest Action Network, Sierra Club, and BankTrack evaluated the largest U.S. banks based on their financing of coal, which is the largest contributor to U.S. greenhouse gas emissions.

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