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…
New UBS Policy Fizzles
‘Tis the season for new bank environmental and social policies! Last Friday, UBS was the latest to announce an updated “Responsible Banking” policy. Let’s see how it stacks up. First…
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…
HSBC Takes a Step Away from Tar Sands
This week, HSBC became the second international bank in as many months to take a step away from financing in the Tar Sands. The bank hinted in press reports last…
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…
PNC: Are You In This For The Long Run?
Our friends at the Earth Quaker Action Team in Philadelphia staged a marathon-themed protest at PNC bank last month, shortly after the bank announced a public policy on financing mountaintop…
The Credit Crisis Demystified
For those who’d like a better understanding of the credit crisis, check out this great video from crisisofcredit.com
The PNC Four Go Free
Last month RAN organized a protest inside PNC Bank’s Washington DC branch in coalition with the Earth Quaker Action Team, RAN Chicago and Reverend Billy and the Church of Life…
Breaking: UBS Eighth Bank To Slow Financing Of MTR
More good news for our global finance campaign – this week Swiss banking giant UBS issued a public statement highlighting the regulatory and reputational concerns around mountaintop removal (MTR) coal…
Another Big Bank Turns Away from Mountaintop Removal!
I’m saying ‘Thank you’ this week to PNC bank — which has just released its public position on Mountaintop Removal (MTR) Coal Mining. Here’s PNC’s policy in full — and…