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Extreme Investments: U.S. Banks and the Coal Industry Read More: Extreme Investments: U.S. Banks and the Coal Industry | Rainfo

Environment  (tags: environment, energy, destruction, Big Banks, Big Coal, bad business, greenhousegases, research )

- 1848 days ago -
In this fourth annual Coal Report Card, Rainforest Action Network, Sierra Club, and BankTrack evaluated the largest U.S. banks based on their financing of coal, which is the largest contributor to U.S. greenhouse gas emission Read more: Extreme Invest

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lee e (114)
Thursday May 2, 2013, 4:40 am
Follow the money -- Really? They're trying to kill us for profit! Got to stop this insanity! Thanks cal.

Past Member (0)
Thursday May 2, 2013, 4:47 am
But they must be financially sound investments to make, so Rainforest Action Network, Sierra Club, and BankTrack will not be advisers once again.

Winn Adams (179)
Thursday May 2, 2013, 11:12 am
It's about greed and the almighty dollar.

Lin Penrose (92)
Thursday May 2, 2013, 2:07 pm
Thanks Cal, noted. The financial industries are just following the admonishments of their 'fathers' & ancestors. Idiots and very short-term, tunnel vision thinkers about some aspects of personal (me & mine, to H with anything or body else) survival or life. Parasites and virus. Our species (homo ? sapiens) have a great deal in common.


Philip Heinlein (474)
Thursday May 2, 2013, 6:08 pm
Sounds like it's time to put some pressure on these banks to start funding renewable energy and start divesting from coal. If nothing else, the transparency is good.
One of the best ways to stop new coal plants is give visibility to the risks of these plants, so banks will stop making these investments in the first place.

Mary R (280)
Thursday May 2, 2013, 10:09 pm
noted thanks.

Susanne R (235)
Thursday May 2, 2013, 10:35 pm
I'm not at all surprised to learn that the Wall Street Banks have no conscience when it comes to the environment. Their only concern is making money. HSBC, the world’s second largest bank, "has degenerated into the 'preferred financial institution' for drug traffickers and money launderers" and "has also acknowledged that it has been enabling clients to avoid U.S. sanctions that prohibit dealings with countries such as Iran, Libya, Sudan, Myanmar and Cuba." HSBC was fined, but no arrests were made. It appears that no one is willing to take on the banks that have been described as "too big to fail." (Where is Eliot Spitzer when you need him?)

(Quoted statements courtesy of Reuters)

greenplanet e (155)
Thursday May 2, 2013, 11:39 pm
They all did badly. Coal sucks.

Patricia H. (440)
Friday May 3, 2013, 4:07 am

Ingo Schreiner (8)
Friday May 3, 2013, 5:26 am

Past Member (0)
Friday May 3, 2013, 8:15 pm
Noted. Thanks.

Lois Jordan (63)
Saturday May 4, 2013, 3:10 pm
Noted w/thanks for the info, Cal.
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