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Bank of America and Drummond Coal in Colombia

Posted by 05/18/14

This blog post has been updated. This month, Rainforest Action Network and three allies testified at Bank of America's annual shareholder meeting, urging them to drop coal, to stop profiting from environmental destruction and human rights abuses. We're posting the statements of our three allies. Add your voice by telling Bank of America to stop funding coal—and come clean on climate change.  My name is Santiago Piñeros. I was born in Bogotá, Colombia, and I work with Pensamiento y Acción Social (Thought and Social Action), an NGO that assists communities affected by large-scale mining in the center of the Cesar region in Colombia. I have had the opportunity to see how Drummond LTD operates in these areas, a multinational company in which Bank of America invests millions of dollars to develop its extractive coal and gas business. Three towns located in the middle of...   Read more

Report Finds Sector-Wide Shift as Publishing Industry Embraces Social and Environmental Responsibility

Posted by 05/15/14

Two major publishing houses – HMH and Macmillan - announce new paper policies San Francisco, CA – A report released today by Rainforest Action Network (RAN), titled A New Chapter for the Publishing Industry: Putting Promises into Practice, documents an industry-wide transition away from the use of paper sourced from controversial fiber connected with rainforest destruction, human rights abuses and climate pollution. RAN also welcomes the release of new responsible paper procurement policies by two major publishing companies, Houghton Mifflin Harcourt and Macmillan. The companies’ new public commitments establish them as leaders among their peers. “Our report finds that major publishers are doing the hard work needed to root out rainforest destruction from their supply chains. This ‘race to the...   Read more

A New Chapter for the Publishing Industry: Putting Promises into Practice

Posted by Rainforest Action Network 05/15/14

We don’t get to do this as often as we would like. Today, we get to share some good news with you. Thanks to your hard work and support over the past four years, the world’s top publishers are moving in the right direction when it comes to eliminating rainforest destruction, human rights violations, and species extinction from their supply chains. We’re publishing A New Chapter for the Publishing Industry: Putting Promises into Practice today, which outlines the shift in the entire sector as the implementation of publishers’ Indonesian forest commitments proceeds. Given the progress that publishers have undertaken in the last four years (since our 2010 report), we can confidently say that you have successfully prodded the 10 biggest publishers—and hence the whole industry—in the right direction. Click here to...   Read more

Shareholders Press Bank of America for Coal and Climate Finance

Posted by 05/07/14

Rainforest Action Network, Investors and Community Leaders Take Stage at ‘Bank of Coal’ Meeting Charlotte, NC—An international coalition of shareholders and community leaders from as far away as Bogota, Colombia, will testify to the grave impacts resulting from Bank of America’s financing of the coal industry at the bank’s Annual General Meeting today in Charlotte, North Carolina. Shareholders will also consider a resolution requesting the bank to report carbon emissions stemming from financing of carbon-intensive industries. Coal is the top contributor to greenhouse gas emissions (GHG) that cause climate change. The proposed resolution requests that Bank of America provide an assessment and report on its financing...  Read more

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