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RBS faces AGM protests over tar sands cash

Royal Bank of Scotland faces protests from native tribespeople today over its backing for the controversial extraction of oil from tar sands in Canada.

RBS faces AGM protests over tar sands cash
The Independent
Tuesday, April 19, 2011

Chevron Fined $9.5 Billion in Ecuador

An Ecuadorean judge ruled Monday in an epic environmental case that Chevron Corp. was responsible for oil drilling contamination in a wide swath of Ecuador's northern jungle and ordered the oil giant to pay $9.5 billion in damages and cleanup costs.

The amount — $8.6 billion plus a legally mandated 10 percent reparations fee — was far below the $27.3 billion award recommended by a court-appointed expert but appeared to be the highest damage award ever issued in an environmental lawsuit.

Chevron Fined $9.5 Billion in Ecuador
Associated Press
Monday, February 14, 2011

Rainforest Action Network Statement on Bank of America's New Emissions Commitment

Release Date: 
Wednesday, May 18, 2011

SAN FRANCISCO (May 18, 2011)—Today, Bank of America announced a new greenhouse gas emissions reduction commitment covering its ‘operational’ emissions coming from the company’s  global facilities. The announcement can be found here: http://mediaroom.bankofamerica.com/phoenix.zhtml?c=234503&p=irol-newsArticle&ID=1565219&highlight.

Four Arrested at Disney’s Burbank Headquarters in Dramatic Protest Over Rainforest Destruction

Release Date: 
Wednesday, May 18, 2011

For hi-res photos of the protest and arrest, visit ran.org/disneyphotos.

Report Finds Chevron Downplaying Shareholder Risk and Liability from $18 Billion Ecuador Judgment

Release Date: 
Wednesday, May 11, 2011

SAN FRANCISCO— Two weeks before Chevron’s (NYSE: CVX) Annual General Shareholders meeting, a report released today, An Analysis of the Financial and Operational Risks to Chevron Corporation from Aguinda v. ChevronTexaco, finds that Chevron’s multi-billion liability in Ecuador poses serious financial and operational risk to the company and its shareholders. The report finds that Chevron's strategy in the Ecuador litigation could depress stock price, and increase enforcement and raise costs for oil companies.

Community Calls for Shutdown of Chicago’s Crawford Coal Plant

Release Date: 
Wednesday, April 20, 2011

Little Village, Chicago—At 10:00am today, six activists with the Little Village Environmental Justice Organization (LVEJO), Rising Tide North America, Rainforest Action Network (RAN) and the Backbone Campaign climbed the fence to Midwest Generation’s controversial Crawford coal plant in Little Village. The activists unfurled a 7’ x 30’ banner atop a 20-foot tall sprawling coal pile that feeds the power plant, which reads: “Close Chicago’s Toxic Coal Plants.”

New Report Card Exposes Largest Financers of Mountaintop Removal Coal Mining

Release Date: 
Tuesday, April 5, 2011

SAN FRANCISCO—A new report card issued today by Rainforest Action Network and the Sierra Club ranks ten of the world’s largest banks on their financing of mountaintop removal coal mining projects. Since 2010, the report card found that the top three financiers of the destructive mining practice are PNC, Citi, and UBS. Deutsche Bank and GE Capital received failing grades for having no policy in place to guide funding of mining companies. Credit Suisse and Wells Fargo were found to have the strongest policies in the sector.

Rainforest Action Network Demands Top Financiers Move Away from Coal

Release Date: 
Monday, March 14, 2011

For Immediate Release

Coalition Protests Ambre Energy’s Push for Coal Exports

Release Date: 
Wednesday, February 23, 2011

Opposition to Dirty Energy Rises in Lead Up to Tim DeChristopher Trial

Rainforest Action Network and Amazon Watch Statement on Ecuador Court Ruling Against Chevron

Release Date: 
Monday, February 14, 2011

For Immediate Release
 
CONTACTS:
Nell Greenberg, Rainforest Action Network, 510.847.9777
Caroline Bennett, Amazon Watch, 510.520.9390

SAN FRANCISCO-Today a court in Lago Agrio, Ecuador has ruled in favor of the residents of Ecuador's Amazon region who have spent the last 18 years seeking damages for crude oil pollution. Chevron inherited the suit when it bought Texaco in 2001, and has denied the allegations of environmental damage.

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