SAN FRANCISCO (May 17, 2010) – Just one day before their Annual General Shareholder meeting, JPMorgan Chase released their 2009 Corporate Responsibility Report including its first public statement on financing for companies that practice mountaintop removal (MTR) coal mining.
In late March, I wrote about how Wall Street powerhouse JPMorgan Chase continues to fund coal companies that engage in mountaintop removal mining (MTR), a dangerous, environmentally devastating type of strip mining in which the peaks of mountains are literally blown off, exposing the seams of coal that run underneath.
Mountaintop removal is one of those instinctively gut-wrenching things--it's never pretty to see natural habitats blown open to make room for coal mining. And yet, many of the biggest banks in the U.S. continue to fund the practice, according to a report from the Rainforest Action Network.
Hundreds of protesters across the country have demanded that the taxpayer-backed Royal Bank of Scotland stop using public money to extract tar sands.
Anti-poverty, human rights and environmental protesters hit out on the day of RBS's annual general meeting to highlight the negative impact of tar sands extraction on climate change and indigenous communities.
Simultaneous protests were organised by the World Development Movement and People and Planet in over 15 locations including London, Cardiff, Sheffield, Cambridge and Edinburgh.
SAN FRANCISCO - Rainforest Action Network praised Bank of America today for its decision to phase out financing for companies that practice mountaintop removal coal mining, a highly destructive and controversial method of coal extraction. The announcement, part of a new coal policy released on the bank’s website, reads: “We…will phase out financing of companies whose predominant method of extracting coal is through mountain top removal.”
CAMBRIDGE, MA - During the lunch rush at Harvard Square today, community groups, activists and students called on Citi and Bank of America to end the risky investment practices that are jeopardizing the homes and savings of American families, and threatening the global climate.
SAN FRANCISCO–Activists with the Freedom From Oil Campaign interrupted General Motors CEO Rick Wagoner’s speech on green cars today at San Francisco’s Commonwealth Club, urging him to sign a pledge to make his company the auto industry’s fuel efficiency leader by 2012. Wagoner refused, just as he did at the 2006 Los Angeles auto show when asked to sign a similar fuel efficiency pledge.
UXBRIDGE, Canada, Feb 18, 2010 (Tierramérica) - Countries have largely failed to endorse the Copenhagen Climate accord by the Jan. 31 deadline. On Thursday, the key official in the United Nations climate treaty process announced his resignation.
There is no effective global climate treaty and the well-respected Yvo de Boer, executive secretary of the United Nations Framework Convention on Climate Change, who worked tirelessly for four years to facilitate an agreement, has had enough.