BREAKING: Bank of America dumps coal mining
After years of pressure on Bank of America, they just announced a new coal mining policy: “Our new policy … reflects our decision to continue to reduce our credit exposure…
BREAKING: Bank of America dumps coal mining in sweeping new policy
Bank once labeled “Bank of Coal” announces broad commitment scaling down financial involvement in coal mining globally Charlotte, NC—Bank of America unveiled a new global coal mining policy today committing…
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…
B of A Chief Bends to Complaints of Investors, Environmentalists
“Environmentalists have spent the past four years pushing for such a change and they said B of A now has the strongest policy of its kind on climate change.‘It’s significant,’…
Bank of America’s New Policy to Limit Credit Exposure to Coal
“The bank announced its new coal policy at its annual meeting, saying it would cut back its lending to coal extraction companies and coal divisions of broader mining companies… Rainforest…
Barclays Ends MTR Funding
“The decision by Barclays follows similar policy changes by PNC Bank, JP Morgan, Wells Fargo, BNP Paribas, RBS and UBS. But campaigners said the Barclays decision was the most significant…
Barclays cuts ties with mountaintop removal coal, says MTR will be “phased out” soon
Barclays was the world’s top lender to mountaintop removal coal firms prior to announcing new policy Barclays PLC, the number one bankroller of mountaintop removal (MTR) coal mining worldwide in 2013,…
PNC Bank Policy on Mountaintop Removal a Positive Step
FOR IMMEDIATE RELEASE: March 2, 2014 contact: Claire Sandberg, 646-641-6431, claire@ran.org Today PNC Financial Services Group joined the growing ranks of financial institutions that have officially sanctioned the coal mining practice known as…
RAN Slams Citigroup Over Greenwashing
Citigroup’s new clean energy commitment fails to reduce fossil fuel exposure In response to the announcement today of Citigroup’s five-year sustainability strategy and ten-year sustainability financing commitment, Rainforest Action Network…
RAN Denounces Australian Government for Lobbying on Behalf of Coal Project
FOR IMMEDIATE RELEASE: February 11, 2015 Contact: Claire Sandberg, 646-641-6431, claire@ran.org Australian diplomat lobbied U.S. banks to bankroll coal port that would turbocharge climate change and wreck the Great Barrier Reef Documents…