08 Dec '11, 5pm

Another Reason to Switch to a Credit Union: Banks Fund Climate Change #banking #globalwarming

Another Reason to Switch to a Credit Union: Banks Fund Climate Change #banking #globalwarming

Do you need another reason to stop using your bank and switch to a credit union? I didn’t think so – I certainly don’t need another reason – but we’re getting one anyway. A recent study, “Bankrolling Climate Change ”, gives a disturbing look at how banks are funding the coal industry. Our use of coal is one of the major contributing factors to global warming, not to mention that coal mining itself is hideous. Whether the coal is coming from traditional mines, whose well-documented dangers include inhaling coal dust and mines collapsing, or whether it’s harvested by companies who use mountaintop removal, it is devastating to our environment and to human life. The report looks at the banks which have invested the most in the coal industry since 2005, the year the Kyoto Protocol came into effect. The top three offenders are JP Morgan & Chase, Citibank and Bank of America, but...

Full article: http://ecopreneurist.com/2011/12/08/another-reason-to-swi...

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