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Banks and Coal

In May 2015, after a 4 year campaign by RAN, Bank of America became the first major bank to commit to get out of coal mining.

Answer

This started a domino effect: now, 5 of the 6 big Wall Street banks are getting out of coal mining. Globally, 24 banks have policies moving them away from financing coal mining and coal power.

Read more about our campaign to get Bank of America out of coal mining.

There’s a gap, however - all 6 big Wall Street banks still allow themselves to fund coal power projects in the developing world, where the vast majority of coal power buildout is planned.

Now, it is our job to hold banks accountable to their coal mining commitments, and push them to cut off support for coal power around the world.

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