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From the cradle to the grave, coal is a risky business. Each stage in the life cycle of coal–extraction, transportation and combustion–presents increasing health, environmental, reputational, legislative and financial risks.
As outrage at the country’s largest banks increases with the Occupy Movement and record bank customers move money to credit unions and local banks, RAN finds yet another reason customers should be wary of BoA. Our campaign briefing shines a light on the company as the country’s top financier of the coal industry, in turn, a leading contributor to climate change in the United States.
RAN is proud to stand and work with frontline communities who are directly challenging corporate pollution in their local neighborhoods.
Rainforest Action Network believes that corporate exploitation of coal and oil is a crime that demands bold and strident resistance.
Want to know more about why we oppose the Keystone XL pipeline? Get the key facts on energy security, gas prices, jobs, safety and the climate.
Bank of America is one of the biggest banks in the world. With over $2 trillion in assets, branches in 43 states, more than 250,000 employees, and expanding operations in Asia, Europe the Middle East, Africa, Latin America and Canada, the scale and reach of Bank of America's business is immense.
In 2008, the Big Banks caused serious havoc with the housing market, and their role in financing coal continues a pattern of reckless behavior. The time for banks to drop coal is now.
We do not need coal, a 19th century technology, to power our 21st century world. Coal-fired power plants are the biggest source of man-made CO2 emissions. This makes closing coal plants job Number 1 to save the climate.
The 21st century economy will be powered by renewable sources of energy. The great clean energy transition has already begun, and technologies we need to safely power our world are with us today.