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
More Information
- Mountaintop Removal Case Study: Pine Creek No. 1 Surface Mine Logan County, West Virginia
Prepared by: Rory McIlmoil and Anne Hereford Downstream Strategies 219 Wall Street Morgantown, WV 26505 - Policy and Practice: Report Card on Banks and Mountaintop Removal
A report grading banks on their mountaintop removal policy and practice. - Mountaintop Removal: An American Tragedy
A fact sheet about Mountaintop Removal. - Report: Bank of America and Citi: Climate Impact 2008
Can banks tout green credentials while bankrolling coal? - Bank of America and Citi's Carbon Principles
A report that discusses Bank of America and Citi's announcement of their adoption of the Carbon Principles. Can the banks’ environmental claims be reconciled with their energy portfolio?
