Charlotte Rolls Against Coal!

Posted August 1, 2012 in The Understory

Last weekend, over a thousand Charlotte citizens turned out for a cancer fundraiser styled as a 24 Hour bike ride.  Participants were encouraged to ride with a team, and many…

Patriot Coal: Another One Bites the Dust

Posted July 11, 2012 in The Understory

Big news this week in the coal industry: Patriot Coal, the third-largest Mountaintop Removal (MTR) coal mining company, is filing for bankruptcy. Bank of America is among the banks providing…

Do We Need Natural Capital or Nature Without Capital?

Posted June 19, 2012 in The Understory

As the Rio+20 ‘Earth’ summit gets underway, we’re hearing a slew of ‘sustainability’ pronouncements and declarations from the business sector, to illustrate their planet-saving intentions. One of these is the…

Bank of America: Strong on Rhetoric, Weak on Climate & Coal

Posted June 11, 2012 in The Understory

Bank of America released its new environmental initiative this morning, grandly declaring that “Today’s announcement builds on Bank of America’s legacy of leadership in the environmental arena.” While the bank’s…

Goldman Sachs Sets the Wrong Target

Posted June 4, 2012 in The Understory

Last week I received an announcement from Goldman Sachs proudly promoting their latest Corporate Social Responsibility (CSR) report, highlighting efforts to address environmental, social and governance issues in 2011 and…

WestLB Takes A Brave Step In The Right Direction

Posted May 24, 2012 in The Understory

This post is by Yann Louvel, BankTrack Climate and Energy Campaign Coordinator. Last month we got some promising news from WestLB, the German bank. They produced a new policy on…