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There's always a lot of gloom and doom to report on energy issues, but it's important to remember that we have with us the technologies today to begin our transition to an energy system powered by a green energy. The transition to solutions, coupled with improved energy efficiency, will create new jobs, decrease our exposure to toxic pollutants like mercury, and help to solve the climate crisis.
The Intergovernmental Panel on Climate Change (IPCC) published a report in 2010 that examined 164 different energy scenarios and found that with the right policies in place, renewable energy can supply up to 43% of energy in 2030 and 77% in 2050. When banks stop funding coal power and the governments put in place the right policies, we will be well on our way to a zero carbon world. Take action today.
The Intergovernmental Panel on Climate Change (IPCC) published a report in 2010 that examined 164 different energy scenarios and found that with the right policies in place, renewable energy can supply up to 43% of energy in 2030 and 77% in 2050. When banks stop funding coal power and the governments put in place the right policies, we will be well on our way to a zero carbon world. Take action today.
KEY DIRTY ENERGY THREATS
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RAN is proud to stand and work with frontline communities who are directly challenging corporate pollution in their local neighborhoods.
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A Guest Blog by Amy Ward Brimmer, Executive Director—Earth Quaker Action Team
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Add your name now to amplify the powerful chorus of voices demanding that BofA end its funding of dirty coal and global climate change.
Publications
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.
As outrage at the country’s largest banks increases with the Occupy Movement and record bank customers move money to credit unions and local banks, RAN finds yet another reason customers should be wary of BoA. Our campaign briefing shines a light on the company as the country’s top financier of the coal industry, in turn, a leading contributor to climate change in the United States.
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