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.
As the largest financier of the US coal industry, Bank of America should be called the "Bank of Coal". So we decided to rename it, whether the bank likes it or not.
And what better place to do that than at Bank of America Stadium in Charlotte, NC, which stands as a giant symbol of everything wrong with BofA's banking practices? 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".
We need you to stand with these activists.