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Dirty Banks Exposed for $20 Billion Investment in Dying Coal Industry

2013-05-01 16:58:00| Climate Ark Climate Change & Global Warming Newsfeed

EcoWatch: This week, Rainforest Action Network (RAN), Sierra Club and BankTrack released the fourth annual coal finance report card, Extreme Investments: U.S Banks and the Coal Industry. The report finds that in 2012, the banking sector financed $20.8 billion for the dirtiest coal companies, even as U.S. coal consumption for power generation fell 11 percent and as mounting scientific evidence confirmed coals extreme impact on health and climate change. It ranks Bank of America, Citigroup and JPMorgan Chase...

Tags: industry investment banks billion

Category:Electronics and Electrical

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