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Banks Toughen Lending Rules to Coal, PNC & UBS Still Bucking the Trend

“We’re the greenest bank in the business,” claims Pittsburgh, Pennsylvania-based PNC bank (PNC:US) on its web site. “We’re a company committed to lighting the path to a greener way of doing business and a greener way of life.”

Solve Climate
Friday, August 27, 2010

Cargill Hoodwinked by Palm Oil Audit Widely Panned as Misrepresentative

Release Date: 
Thursday, August 26, 2010

San Francisco – In the wake of an audit confirming accusations of environmental abuses by the controversial Indonesian palm oil supplier Sinar Mas, Cargill has announced a decision to continue business as usual relations with the disgraced palm oil provider. Posted only as an update to a section of their website, Cargill’s decision is an unexpected step after months of public expectation that the company would sever ties with the large Indonesian palm oil producer.

Wall Street Backs Away From Mountaintop Removal Coal Mining

Release Date: 
Wednesday, August 11, 2010

SAN FRANCISCO—Within the last two years, Bank of America, Citi, JPMorgan Chase, and Wells Fargo along with Credit Suisse and Morgan Stanley have successively passed public policies limiting their financial relationships with coal operators that practice mountaintop removal (MTR) coal mining. These banks were the lead financiers of the practice prior to their policy shifts. Last month, Wells Fargo became the fourth top US bank to adopt a position limiting MTR financing.

Massey Energy, West Virginia Mine Owner, Draws Scorn on Wall Street

BofA Cutting Off Financing for Mine Operator; UBS Remains Large Lender

Massey Energy, owners of the West Virginia mine that exploded Monday, has drawn criticism for an array of safety violations and environmental issues over the years -- so much so that even some big Wall Street banks refuse to finance the Richmond, Va.-based company.

Wednesday, April 7, 2010

Rainforest Action Network Appoints First Woman Leader

Release Date: 
Tuesday, August 3, 2010

­San Francisco – Rainforest Action Network (RAN), one of the nation’s leading environmental action organizations, has named Rebecca Tarbotton as its executive director. As the first woman to head the organization, Tarbotton joins an exclusive club of women leaders in the environmental sector. Taking over the organization in its 25th year, Tarbotton is set to lead RAN as it confronts some of the country’s greatest environmental challenges: from climate change and energy use to habitat and biodiversity loss.

Rainforest Action Network Welcomes Cargill’s Palm Oil Announcement

Release Date: 
Thursday, July 29, 2010

San Francisco – Today, major palm oil trader Cargill announced a new agreement to provide Unilever with palm oil that is certified as segregated “at every step of the supply chain.” Both Unilever and Cargill are members of the Roundtable on Sustainable Palm Oil (RSPO).

Activists Send Message to Massey CEO Don Blankenship at the National Press Club: “Your coal is not Clean, Safe or Forever.”

Release Date: 
Thursday, July 22, 2010

Amanda Starbuck, 415.203.9952
Nell Greenberg, 510.847.9777

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Activists rally at Chevron's Houston offices during shareholders' meeting

An international group of activists alleging human rights abuses and environmental destruction on the part of Chevron Corp. was poised to rally in front of the energy company’s Houston offices on Wednesday.

San Ramon, Calif.-based Chevron (NYSE: CVX) is scheduled to be holding its annual shareholder meeting there at the time.

The Houston Business Journal
Wednesday, May 26, 2010

Chevron Board Under Fire Over Ecuador Disaster at Shareholders Meeting

Release Date: 
Wednesday, May 26, 2010

Houston, TX – As a judgment looms in a monumental 17-year legal battle over oil contamination in Ecuador, affected communities and their allies are challenging Chevron’s Board of Directors to intervene in the company’s dead-end strategy of covering up its massive liability

Critics' annual report blasts Chevron

The corporate annual report - that glossy, seldom-read staple of the business world - usually features upbeat words and images showcasing a company's stellar year.

The "True Cost of Chevron" alternative annual report, in contrast, features a cover photo of an oil spill.

Released Wednesday by a coalition of Chevron Corp.'s fiercest critics, the report pillories the San Ramon oil company for pollution and alleged human rights abuses around the globe, in places as disparate as Ecuador, Burma, Texas and Richmond.

The San Francisco Chronicle
Thursday, May 20, 2010