"Chances are when you pick up a shirt in a department store, the first thought you have isn’t: “Did this shirt contribute to deforestation?” You might be conscious of the material and prefer to buy organic cotton textiles … but, we’re guessing you never knew that some of the items hanging in your closet were made from trees. Or that the process used to turn those trees into textiles is responsible for the loss of 70 million trees every year and spews noxious chemicals like sulfur dioxide into the atmosphere. You might start to think differently about your favorite top!"
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...
"Dissolving pulp is not just a threat to the forests of Indonesia. It is a growing industry across the globe, and it’s putting several of the world’s endangered forests in jeopardy." READ THE FULL ARTICLE HERE
FOR IMMEDIATE RELEASE October 30, 2014 contact: Claire Sandberg, Rainforest Action Network, firstname.lastname@example.org, 646-641-6431 Joe Smyth, Greenpeace, 831-566-5647, email@example.com 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....
The coal industry is trying to move forward with a deal that would threaten Australia’s treasured Great Barrier Reef and turbocharge climate change—but they can’t do it without major financial backing. Three of the biggest Wall Street investment banks have said they won’t fund the deal.1 But Bank of America won’t commit to staying away. Tell Bank of America—don’t finance the destruction of the Great Barrier Reef! Right now, the coal industry is pushing an incredibly destructive plan: to build out one of the biggest coal ports in the world right in the middle of the Great Barrier Reef. A huge corporation called Adani is attempting to dredge 3 million cubic meters of seabed, wrecking part of the biggest stretch of coral reef in the world and one of the planet’s most biodiverse ecosystems. The Great Barrier Reef...
FOR IMMEDIATE RELEASE October 28, 2014 contact: Claire Sandberg, firstname.lastname@example.org, 646-641-6431 RAN to Bank of America: Don’t Bankroll Reef Destruction Australian coal port threatens global climate, Great Barrier Reef San Francisco—Rainforest Action Network (RAN) called...
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FOR IMMEDIATE RELEASEOctober 27, 2014contact: Claire Sandberg, email@example.com, 646-641-6431Abbot Point coal export project presents dire threat to climate and to the Great Barrier Reef San Francisco—Rainforest Action Network commended the move by leading U.S. investment banks to rule out financing the Abbot Point coal...
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