Do We Need Natural Capital or Nature Without Capital?

As the Rio+20 ‘Earth’ summit gets underway, we’re hearing a slew of ‘sustainability’ pronouncements and declarations from the business sector, to illustrate their planet-saving intentions. One of these is the…

Bank of America: Strong on Rhetoric, Weak on Climate & Coal

Bank of America released its new environmental initiative this morning, grandly declaring that “Today’s announcement builds on Bank of America’s legacy of leadership in the environmental arena.” While the bank’s…

Goldman Sachs Sets the Wrong Target

Last week I received an announcement from Goldman Sachs proudly promoting their latest Corporate Social Responsibility (CSR) report, highlighting efforts to address environmental, social and governance issues in 2011 and…

WestLB Takes A Brave Step In The Right Direction

This post is by Yann Louvel, BankTrack Climate and Energy Campaign Coordinator. Last month we got some promising news from WestLB, the German bank. They produced a new policy on…

Bank of Coal: Bank of America Stadium Gets Renamed

As the largest financier of the U.S. coal industry, Bank of America should be called the “Bank of Coal.” So we decided to rename it. Today, five RAN activists scaled…

Dirty Money: U.S. Banks at the Bottom of the Class

Today Rainforest Action Network and the Sierra Club released our Coal Finance Report Card 2012, our third annual ranking of the largest financiers of mountaintop removal coal mining and coal-fired…