Last year, a study published by the Sierra Club and the Rainforest Action Network (RAN) revealed nine major banks that had provided almost $4 billion in loans and underwriting to companies engaged in mountaintop removal mining since January 2008.
The nine banks examined by the report were Bank of America, Citi, Credit Suisse, GE Capital Corp, JP Morgan Chase, Morgan Stanley, PNC, UBS, and Wells Fargo.
At the time Care2′s Gina-Marie Cheeseman reported that there was some good news: three of the banks examined had already agreed to put environmental policies in place regarding their support of mountaintop removal.
Today, there’s more good news: a total of eight major banks now have policies addressing their financing of mountaintop removal.
Sadly these more responsible banks are in the minority. There are still some banks that are asleep to the tragic consequences of mountaintop removal and continue to fund the destruction of America’s oldest and most biologically-diverse mountains.
RAN and Susan Sarandon have teamed up to create this special video explaining what mountaintop removal mining really does to Appalachian mountains, forests and families.
They are asking you to send it to the bank CEOs that still don’t get it and wake them up!
Help show bank CEOs the truth about mountaintop removal by flooding their inboxes with copies of this video! Click here.
Image Credit: Flickr - rainforestactionnetwork