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Report Finds Top Banks Moving Away From Investment in Coal
2014-04-21 19:31:00| Climate Ark Climate Change & Global Warming Newsfeed
EcoWatch: Rainforest Action Network (RAN), Sierra Club and BankTrack released the fifth annual coal finance report card, Extreme Investments, Extreme Consequences, last week that tracks the financiers of the worst-of-worst coal companies. The report shows that even as high-profile bankruptcies and costly environmental cleanup settlements illustrate the growing risks involved with lending to coal companies, U.S. banks provided $31 billion in financing for coal in 2013. The report ranks Citigroup as the top...
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Category:Electronics and Electrical