Offical Notice: Cease Financing Coal
To: Bank of America, Citi, JPMorgan Chase, Morgan Stanley, PNC and Wells Fargo: We regret to inform you that this bank is being put on Notice. Effective immediately you must…
Citi Needs an Intervention
Addiction – noun ə-ˈdik-shən, a-: persistent compulsive use of a substance known by the user to be harmful. (Merriam-Webster) Citi has a problem. Despite renewing its vows in 2009 to…
Dear Citi: You Have a Responsibility
Last week we got the news that Alpha Natural Resources had bought out Massey Energy, in a deal worth over $7 billion that creates the largest mountaintop removal coal mining…
Goodbye Massey and Thanks For Nothing
After months of speculation, Massey Energy, the most controversial coal mining company in the USA, is no more. On Saturday Alpha Natural Resources announced that it had bought out the…
Putting Wall Street on Notice
Last week, RAN’s coal finance campaign released its latest report, “The Principle Matter: Banks, Climate & The Carbon Principles.” The report shows that despite adopting the Carbon Principles — once…
Cliffside Coal Plant: An Example of What NOT to Fund
Cliffside is a small town in southern North Carolina with a huge coal plant owned by utility giant Duke Energy at its center. Activists from around the southeast have organized…
Banks Bail on Coal; Top 4 banks Cut Financing for Massey Energy
https://youtube.com/watch?v=wV2w78K2YWc%26hl%3Den_US%26fs%3D1 Two years ago no bank had a policy on coal mining, and Wall Street was providing finance and credit indiscriminately to the most destructive form of mining in the…
New Reporting from Citi on their Mountaintop Removal Financing
In 2009 RAN urged Citi to stop financing mountaintop removal (MTR) coal mining, the environmental tragedy that is destroying the Appalachian landscape and poisoning communities. Citi’s initial response, a statement…
Banks Ranked and Spanked on Tar Sands
As an ode to the “rank ’em and spank ’em” strategy coined by our outgoing Executive Director Mike Brune, we proudly present the following roster of international banks backing expansion…
Bailed out Banks in the News
Our friends at Bank of America, Citigroup, and other major banks are in the news this week: – Yesterday, Treasury Secretary Geithner unveiled the Obama administration’s bailout plan to spend…