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May 06, 2015

Bank Of America Backs Away From Funding Coal Mining

“It's a shift for one of the largest banks in the United States that has, at least in the past, been a big financier of coal projects. Environmental groups have been pressuring the bank to stop financing coal operations for years, and praised Wednesday's move.

Amanda Starbuck, director of the climate and energy program at the Rainforest Action Network, said in a statement, “In real terms, this means the bank is turning its back on the coal mining industry and committing to energy efficiency and renewable energy.’ ”

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