SAN FRANCISCO—Today, Bank of America will be at the center of attention as the country protests the second anniversary of the U.S. Supreme Court's decision in Citizens United v. Federal Election Commission, including major Occupy Wall Street West actions in San Francisco. Hundreds are expected for a Bank of America ‘Tour of Shame’ Friday morning, visiting main branches in San Francisco’s Financial District.
Local rapscallions from the Rainforest Action Network (RAN) turned Bank of America ATMs into temporary political machines of activism overnight. Using non-adhesive stickers designed to look like BoA's ATM screens.
Rainforest Action Network Statement on EPA Clean Air Mercury Rule
SAN FRANCISCO—The federal Environmental Protection Agency announced a much anticipated mercury air pollution rule update today, the Mercury and Air Toxic Standards (MATS) which could result in significant changes to the operation of outdated coal-fired power plants across the U.S..
Yesterday, Alpha Natural Resources, the parent company of the Massey Energy coal company, agreed to pay $209 million in criminal penalties, civil penalties, and compensation to the families of the 29 miners who were killed when its Upper Big Branch coal mine in West Virginia exploded on April 5, 2010. The company was also fined an additional $10.8 million yesterday by the U.S. Mine Safety and Health Administration -- the largest fine in that agency’s history.
Durban, South Africa—Today, as world leaders gather in Durban to discuss solutions to global climate change, an international coalition of civil society and environmental organizations released a new study, “Bankrolling Climate Change,” highlighting the top 20 banks that finance the coal industry. The study examines commercial banks’ lending for the coal industry and provides the first comprehensive climate ranking for financial institutions. The study finds JPMorgan Chase, Citi and Bank of America to be the top three banks in the world financing climate change.
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.