Coal is responsible for 20% of global greenhouse gas emissions and the U.S. is the world’s second largest coal producer. Coal-fired energy generation is responsible for pollutants that damage cardiovascular and respiratory health and threaten healthy child development. To protect our climate and public health, we must decrease our country’s reliance on coal and destabilize the power of the coal industry while building demand for a clean energy economy.
In the 21st century we should not be using this dangerous and outdated technology to power our homes, schools, hospitals and businesses. Coal mining, burning, and storage all carry significant risks to public health and to the climate. No bank or power utility should invest even one more dollar in coal. Take action today.
In the 21st century we should not be using this dangerous and outdated technology to power our homes, schools, hospitals and businesses. Coal mining, burning, and storage all carry significant risks to public health and to the climate. No bank or power utility should invest even one more dollar in coal. Take action today.
Bank of America is the biggest underwriter of coal in the US. This is unacceptable. A new BoA should fund a healthy future, not more dirty coal projects that continue to harm the health of communities across the country. Take action today.
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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
Did you hear? Rainforest Action Network is focused on the Bay State now. Massachusetts is home to several of Bank of America’s top executives, and if the company took a leadership role in addressing its financed emissions, other institutions would follow suit.
We got the news this morning that Ken Salazar is stepping down as Interior Secretary.
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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
Selenium Risk at Alpha Natural Resources’s Mountaintop Removal Mines: Insight from the Patriot Coal Bankruptcy and Regulatory Monitoring Data
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.
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