Bank of America, already a target of the 99 Percent Movement for its attempts to levy a $5-a-month fee on debit cards and other practices, is now under fire from environmental activists who want it to stop financing the coal industry and destructive mountaintop removal practices.
Yesterday, protesters aligned with the Rainforest Action Network and the local Occupy Charlotte rallied around Bank of America’s Charlotte, North Carolina, headquarters, chanting “Bank of America, Bank of Coal” and scaling nearby flagpoles, where they hung a sign that read, “Not with our money.” Eight were arrested as the activists sought to bring awareness to Bank of America’s ties to the coal industry, the Charlotte Observer reports:
Beka Stecky, a protester who lives in Charlotte, said the demonstrations are about pushing Bank of America to stop financing the coal industry and are a call to like-minded individuals to take their money out of the bank. A news release issued by the movement says that in the last two years, the bank has financed $4.3 billion in coal projects.
This isn’t the first time Bank of America has been a target of environmental activists. In August, 15 were arrested outside a Bank of America in St. Louis, and in May, protesters visited multiple Bank of America locations in Portland, Oregon.
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