This is pretty freaking BIG!!
“Bank of America is particularly concerned about surface mining conducted through mountain top removal in locations such as central Appalachia. We therefore will phase out financing of companies whose predominant method of extracting coal is through mountain top removal. While we acknowledge that surface mining is economically efficient and creates jobs, it can be conducted in a way that minimizes environmental impacts in certain geographies.”
It looks like Bank of America is phasing out their financing of mountaintop removal operations in Appalachia.
This has been a major demand from RAN to Citi and Bank of America for over a year. I am pretty excited that Bank of America has seen the light and listened to all of your voices for the past couple of years about ending their support of this horrible practice.
This is a major grassroots victory. It was less than three weeks ago, we had the No Coal Day of Action with over 70 events calling out the banks for their funding of mountaintop removal (and parts of the coal life cycle).
I just want to say thanks for all your hard work, support and solidarity.
Email this to a friend Hear
Email this to a friend Hear from environmentalists and industry representatives, and have your say at these two upcoming events. "Heine Bros. along with Kentuckians For The Commonwealth have partnered together to help spread the word about the destruction of mountaintop removal. Join KFTC members, musicians, authors, and activists alike on January 7, 2009 from 7-9 p.m. at the Gardiner Lane Heine Bros. Coffee for an open mic night focused totally on mountaintop removal. Scheduled participants include: Erik Reece, author of "Lost Mountain;" Louisville poet Ron Whitehead, accompanied by Icelandic guitarist Michael Dean Odin Pollock; KFTC members Rully Urias and Sara Pennington will share a slide show about their trip to Colombia ; Music from Appalatin; "What We Do To The Land, We Do To The People," A film produced by KFTC about mountaintop removal that contains a virtual flyover of active mine sites." And on January 15, from St. Xavier High School: "The Environmental Club at Saint Xavier High School will be hosting a Panel Discussion on Mountaintop Removal January 15, 2009 from 7:00 to 9:00 P.M. The event will be held at the auditorium at Saint Xavier (1609 Poplar Level Rd, Louisville, KY 40217) and is open to the public with free admission.
Me and my friend were
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