Energy Newsroom

Goldman Sachs pulls out of proposed coal terminal

Here in the Northwest, proposals to build coal terminals have generated opposition from environmentalists, tribes and communities. They're worried about climate change from the burning of more coal,as well as increases in coal train and ship traffic in their own region.

Market Place
Wednesday, January 8, 2014

ICCR Members Challenge Banks on Ethics and Emissions

And Bank of America has provided $6.4 billion in funding for the coal industry during the past two years alone.

Social Funds
Saturday, January 25, 2014

Activists Hold 270 Vigils Urging President Obama to Reject Keystone XL Following Environmental Review

Release Date: 
Monday, February 3, 2014

CONTACT: Blair Fitzgibbon, 202-503-6141

Washington, DC – Thousands of activists held more than 270 vigils urging President Obama to reject the Keystone XL pipeline following the release of the State Department’s Final Supplemental Environmental Impact Statement. The Keystone XL pipeline will be a huge source of climate pollution and clearly fails the climate test set by President Obama. 

Goldman Sachs Sacks Coal Terminal Investment

Release Date: 
Tuesday, January 7, 2014

SAN FRANCISCO--Today Goldman Sachs Infrastructure Partners sold off its remaining equity investment in Carrix, the parent company of Pacific International Terminals and SSA Marine that are behind a colossal coal export terminal proposal near Bellingham, Washington. The move comes after coal companies and their proponents have tabled or dropped three out of six proposed coal export terminals in the Pacific Northwest in the last two years.

Students and university clash on free speech

Students all over the nation have been exercising their right to free speech in a coordinated effort to stop actions which damage the climate. Organized by the Rainforest Action Network (RAN), a campaign against Bank of America and Citibank has engaged college students to stage protests when these bank recruiters visit their campuses.

Location

United States
6° 39' 52.5888" N, 15° 7' 1.8768" E
University News

Worst-Case Scenario for Oil Sands Comes to Life, WikiLeak Docs Show

 

Location

United States
6° 39' 52.5888" N, 15° 7' 1.8768" E
Bloomberg
Thursday, December 5, 2013

Banking on Coal: Undermining our Climate

Release Date: 
Friday, November 15, 2013

SAN FRANCISCO—Three U.S. banks: Citigroup, Morgan Stanley and Bank of America lead the financing of the world’s coal mining industry and are spotlighted in a new study entitled Banking on Coal, released today at the COP 19 in Warsaw, Poland. While coal consumption has declined in the U.S., globally, coal production has grown by 69 percent since 2000 and has now reached 7.9 billion tons annually. Coal is the single largest source of carbon emissions contributing to climate change.

Banks to Measure Climate Emissions Resulting from Investments

Release Date: 
Tuesday, October 29, 2013

SAN FRANCISCO--This morning the Greenhouse Gas Protocol (GHG Protocol) and the United Nations Environment Programme Finance Initiative (UNEP FI) announced a new initiative to help financial institutions measure emissions from lending and investment portfolios. The initiative comes less than a month after a new climate report from the United Nations Intergovernmental Panel on Climate Change, which called the warming of the climate system, in the form of unprecedented melting ice and temperature and sea level rises, “unequivocal.”  

Keystone XL protesters arrested in downtown Houston (video)

Police advised those arrested that they faced up to a $1,000 fine and 180 days in jail.

“They feel strongly enough that they’re going to take that risk,” said Amanda Starbuck, a spokeswoman for the Rainforest Action Network, which also organized the protest.

Fuel Fix
Monday, September 16, 2013