Laurel Sutherlin, Rainforest Action Network, joins Thom Hartmann. Earlier in the Summer - we told you about The Trans - Pacific Partnership - a new so-called free trade deal that the US has been negotiating over with 8 Pacific nations for the last two years. But rather than helping Americans or improving the American economy - the TPP would give foreign transnational corporations unprecedented power to abuse American workers - pollute our environment - and destabilize our markets.
San Francisco, CA – A number of major banks, including Bank of America and JPMorgan Chase, invest in the acceleration of climate change each year by committing billions to polluting energy industries like coal, according to a report published by Rainforest Action Network’s program today.
SAN FRANCISCO–Today, Bank of America released its 2011 Corporate Social Responsibility (CSR) report that fails to address its most significant environmental impact, coal financing. The bank instead points to internal operational improvements to address sustainability, which contributes a small fraction of emissions to global climate change, in comparison to the bank’s fossil fuel investments.
Last week, activists with the Rainforest Action Network (RAN) climbed 100ft to suspend a banner on Charlotte's Bank of America stadium, where President Obama is scheduled to make his nomination acceptance speech on 6 September. The banner read "Bank of America" with the word "America" crossed out and replaced with "Coal".
Some groups are calling for a moratorium on foreclosures and an increase in loan principal reduction as effects of the mortgage crisis continue. Others decry the bank’s financing of coal energy projects, and still others seek to end corporate political donations.
Organizers have pledged nonviolence. In fact, many of them have gone through workshops or other training on nonviolent protesting, said Amanda Starbuck of the Rainforest Action Network. But they don’t rule out street and sidewalk blockages that could spur police action.
"We see Bank of America as the worst of the worst," said Amanda Starbuck, a director at the environmental advocacy group Rainforest Action Network, which organized the protests. "There's a lot of momentum around Bank of America."