05 Apr '11, 4pm

New Report Card Exposes Largest Financers of Mountaintop Removal Coal Mining

New Report Card Exposes Largest Financers of Mountaintop Removal Coal Mining

Created April 5, 2011; last updated April 5, 2011 Rainforest Action Network and the Sierra Club’s 2011 report card, Policy and Practice , ranks ten of the world’s largest banks on their financing of mountaintop removal (MTR) coal mining projects and lending policies. The report card reviews the financing practices of Bank of America, Citi, Credit Suisse, Deutsche Bank, GE Capital, JPMorgan Chase, Morgan Stanley, PNC, UBS and Wells Fargo. Mountaintop removal is a mining practice where explosives are used to remove the tops of mountains to expose thin seams of coal. Once blasted, the earth from the mountaintop is typically dumped into neighboring valleys, which poses significant threats to water quality in Appalachia and undermines the objectives and requirements of the Clean Water Act. According to a 2005 environmental impact statement, nearly 2,000 miles of Appalachian str...

Full article: http://ran.org/reportcard

Tweets

Susan Sarandon: "Mountaintop Removal Mining is ...

treehugger.com 08 Apr '11, 1am

The video does a pretty good job of capturing how despicable the very notion of MTR is, and how devastating it is in pract...

Mountaintop Removal Coal Mining Playing a Role ...

treehugger.com 09 Apr '11, 12am

Earlier today, I examined the fact that http://www.treehugger.com/files/2011/04/clean-air-act-looming-government-shutdown....

Oh, for the love of ... so the GOP may replace ...

switchboard.nrdc.org 08 Apr '11, 7pm

Word on the street (and on CNN) is that Republican budget dealmakers now want to weaken EPA's ability to address mountaint...