Leading global banks are ending financing relationships with mountaintop removal coal producers. But Barclays, the British banking giant, poured $550 million dollars into the horrific practice in 2013.
Mountaintop removal mining (MTR) obliterates mountains and poisons communities in Appalachia. In 2013, Barclays was the #1 financier of MTR coal worldwide.
People speaking out all over the world have pushed banks like Wells Fargo, BNP Paribas and JPMorgan Chase to start moving away from MTR financing. The smart money has realized that the reputational and financial risks of supporting mountaintop removal coal are too urgent to ignore any longer.
Let’s make sure Barclays gets out of the mountain destruction business as well.
Send a message to Barclays CEO, Antony Jenkins:
Stand with RAN as we demand that Wall Street not destroy the Great Barrier Reef.
The coal industry is embarking on a project that would destroy the Great Barrier Reef by massively expanding a coal terminal and building new coal mines in eastern Australia. The resultant dredging and ship traffic would devastate this delicate ecosystem and global treasure. The climate impacts would be terrible as well -- doubling coal production in Australia, already one of the world's worst offenders in mining this dirty fossil fuel.
But the coal industry needs international bank funding to make their reckless new project happen. Several European banks have already made public commitments not to fund this horrifically destructive project. Stand with RAN as we push the big Wall Street banks to do the same.
Take action now, and tell Wall Street you won't stand for them destroying the Great Barrier Reef.
Add your voice!
Wall Street must not finance the destruction of the Great Barrier Reef by funding the coal industry’s reckless scheme to expand the Abbot Point coal terminal. The expansion would devastate a delicate ecosystem and lead to terrible damage to the climate. Make a public commitment not to fund this horrifically destructive project now!
Mountaintop removal (MTR) is a practice that, literally, blasts the tops off mountains to get at the coal inside. MTR poisons water, causes cancer, forces families off their land, and wrecks critical ecosystems. Big banks are the ATMs for companies engaged in this horrific practice.
There’s a growing campaign to stop banks profiting from MTR, and it’s gaining momentum. Just last month, JPMorgan Chase announced that it would stop funding MTR. In the U.K., Royal Bank of Scotland did the same.
Now we’re reaching a tipping point with Crédit Agricole, the biggest bank in France. Last year, they said they were concerned about MTR coal mining, but -- due to a massive loophole in their environmental policy -- they continue to finance loans and bonds for Alpha Natural Resources and Arch Coal, the two biggest and most destructive MTR companies in the world.
At Credit Agricole's annual shareholder meeting this week, RAN allies including BankTrack and the Keeper of the Mountains Foundation pushed Jean-Paul Chifflet, the bank’s CEO, to close the MTR loophole. They're feeling the heat. Now let’s seize this moment and drive the point home.
Tell Crédit Agricole to stop profiting from MTR once and for all.
This is not where we tell you that climate change is real, happening and affecting all of us. You know that. You should also know that you have the power to stand up to the dirty energy corporations of the world and fight for a sustainable climate and livable future.
Over the past year RAN has been building a movement to stop dirty energy projects like the Keystone XL tar sands pipeline. We’ve trained volunteers who stand ready to deploy non-violent civil disobedience actions in over 130 cities to stop this carbon time bomb.
Big banks are the ATMs for the dirty energy economy that causes water contamination, cancer, and climate change. So we’ve been relentless in holding corporations like Bank of America, JPMorgan Chase, and Goldman Sachs accountable for their risky investments. Because of activists like you, banks are divesting from dirty energy.
We are fighting alongside people directly impacted by dirty energy to challenge the corporations that are poisoning their communities. In the heart of Appalachia, we’re pressuring banks to stop funding mountaintop removal. Where U.S. banks look to profit from dirty energy abroad, we work with local communities to block dodgy deals.
Now, we’re building a team of supporters committed to taking fast, impactful action to fight dirty energy. Join the fight now by becoming a Rainforest Action Network Dirty Energy Rapid Responder.