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.
Entertainment giant changes policy on sourcing its paper products, recognizes urgency of addressing deforestation, especially in Indonesia
Sends signal to controversial paper giants APP and APRIL
SAN FRANCISCO—Disney today announced a significant new paper policy that applies to the company’s extensive operations and those of its licensees, and means they will be eliminating paper connected to the destruction of endangered forests and animals.
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.
We are two aging environmentalists with more than 80 years between us spent advocating for a cleaner planet and healthier economy. Even from our well-worn perch, what will be taking place at the Rio+20 Earth Summit in Brazil this week has the makings of a potential game changer.
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.