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.
Call on BofA to stop bankrolling the coal industry.
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From the cradle to the grave, coal is a risky business. Each stage in the life cycle of coal–extraction, transportation and combustion–presents increasing health, environmental, reputational, legislative and financial risks.
Recent Blog Posts
A Guest Blog by Amy Ward Brimmer, Executive Director—Earth Quaker Action Team
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Negotiations for "NAFTA on steroids," the Trans-Pacific Partnership (TPP), are being conducted in secret. Demand that the text of the TPP agreement be made public.
Publications
The banking sector accelerates global climate change through its “financed emissions,” the greenhouse gas emissions induced by bank loans,
investments, and financial services. A bank’s physical operations typically have a modest climate impact, but banks that finance coal-fired electric utilities or fossil fuel producers bear co-responsibility for the massive quantities of greenhouse gases emitted by these companies. Major banks therefore have financed emissions footprints that are much larger than their operational climate impacts and expose them to both reputational and financial risks.
A coal finance report card produced by Rainforest Action Network, the Sierra Club and BankTrack. We examine the policies and practices of the largest U.S. banks.
As outrage at the country’s largest banks increases with the Occupy Movement and record bank customers move money to credit unions and local banks, RAN finds yet another reason customers should be wary of BoA. Our campaign briefing shines a light on the company as the country’s top financier of the coal industry, in turn, a leading contributor to climate change in the United States.
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