Coal
Dirty, Destructive, Toxic and Bad
Coal-fired power plants provide nearly 50 percent of our electricity and, pound-for-pound, are the planet's dirtiest source of electricity. Burning coal is the nation's top source of air pollution and toxic mercury, and it is responsible for one-third of the country's greenhouse gas emissions - nearly 2 billion tons per year.
Though the cost of building all these new power plants is exorbitant -- more than $140 billion -- Wall Street banks such as Citi (formerly Citigroup) and Bank of America are providing the financial backing for them that will lock us in to dirty energy for decades.
RAN's Work on Coal
Learn More
- Mountaintop Removal: An American Tragedy
A fact sheet about Mountaintop Removal. - How Banks Should Phase out Financing of Fossil Fuel
The biggest impact banks have on the climate is through their continued financing of greenhouse gas intensive activities and projects, like new coal fired power plants. Banks must move quickly to phase out of fossil fuels and phase into renewable energy and energy efficiency. Here’s some simple steps forward that any bank can make:
