Rainforest Action Network and the Sierra Club’s report card, Policy and Practice, ranks ten of the world’s largest banks on their financing of mountaintop removal (MTR) coal mining projects and lending policies.
The Spruce No. 1 mountaintop removal (MTR) coal mine in Logan County, West Virginia, is the largest mountaintop removal mine ever proposed in Central Appalachia. Currently one of the most heavily mined counties in West Virginia, Logan County ranks second in the state for both total coal production and surface-mined coal.
A report on the two largest banks, Citi and Bank of America, and its role as financiers of a new U.S. "Coal Rush" that will result in the construction of more than 150 coal-fired power plants across the country—a recipe for climate destruction.