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World’s Top Coal-Financing Banks Still Won’t Touch Abbot Point

Posted by 10/31/14

      This week, BankTrack launched their latest report on the top coal-financing banks in the world. The ranking, topped by JPMorgan Chase and Citigroup, includes several other U.S. banks in the top 20 based on their total financing for coal mining and coal-fired power since 2005.   As the piece we’ve cross-posted below notes, it’s telling that even the top financiers of coal in the world have decided to stay away the proposed coal terminal expansion at Abbot Point on the Great Barrier Reef. But unfortunately, even though most of their competitors have concluded that expanding Abbot Point would be a disaster for the climate and the reef, Bank of America still hasn’t gotten the message. By Ben Collins (RAN), Yann Louvel (BankTrack) and Julien...   Read more

Groups to Bank of America: Don't Finance Great Barrier Reef Destruction

Posted by 10/30/14

FOR IMMEDIATE RELEASE October 30, 2014   contact: Claire Sandberg, Rainforest Action Network, claire@ran.org, 646-641-6431 Joe Smyth, Greenpeace, 831-566-5647, joe.smyth@greenpeace.org Groups to Bank of America: Don’t Bankroll Reef Destruction Australian coal port threatens global climate, Great Barrier Reef San Francisco—An international coalition of groups called on Bank of America to rule out financing the controversial Abbot Point coal port in Queensland, Australia, days after three major U.S. investment banks pledged to steer clear of the project. Citigroup, JPMorgan Chase, and Goldman Sachs all issued public-facing statements vowing not to finance the expansion of Abbot Point, but Bank of America has so far refused to take a position. The project would significantly harm the Great Barrier Reef--construction of the new port would require dredging part of the Great Barrier Reef World Heritage area--and would drive global climate change by drastically increasing carbon emissions....   Read more

Student Action Leader Tools

Posted by 10/29/14

Our hard work truly is paying off. Just this past year we've turned the heat up and many major global corporations have committed to stop destroying forests and violating human rights for palm oil. But PepsiCo, one of the biggest globally distributed snack food companies, still refuses to adopt a truly responsible palm oil policy. That's where you come in. During the Fall 2014 semester, Student Action Leaders will play a crucial role in our efforts to cut Conflict Palm Oil from our food supply. Every year, PepsiCo pours millions of dollars into advertising its products to young people through sleek marketing campaigns like #LiveForNow and through beverage contracts and sponsorships of high school and university campuses and sports teams. PepsiCo cares deeply about what young people think of its products and because of this, students have an incredible amount of power to demand change from PepsiCo. Read more

Tell KLK to Leave Collingwood Bay Now!

Posted by 10/22/14

This guest blog has been authored by Lester Seri of Collingwood Bay, Papua New Guinea. He is one of many local residents fiercely resisting KLK's attempted landgrab of the community's forests.   My name is Lester Seri, and I am a Maisin landowner in Collingwood Bay, Papua New Guinea. I come from the Wofun Clan, belonging to the Wo Ari Kawo tribe, and I have been mandated by the Wo Ari Kawo Elders to speak on behalf of them on Tribal land matters. I am writing to you today because the people of Collingwood Bay urgently need you to support our struggle.  My people - the Maisin people - along with our neighboring communities in Collingwood Bay have been fighting to protect our customary lands from illegal land grabs for logging and palm oil development for...  Read more

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