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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...

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Obama campaign calls out 'climate deniers' as US cities ditch dirty investments

2013-04-26 12:59:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: The campaign to make climate policy a central plank of President Obama's second term cranked up a notch this week, with the launch of a new push to embarrass Republicans over their climate scepticism and an important victory for the high profile 350.org campaign group. The Organizing for Action (OFA) campaign group, which was formed to support the President's re-election campaign, yesterday made one of its most significant interventions since the election, with the launch of a new campaign urging...

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Canada: Alberta's 'Dirty Oil': Drillers, Opponents Square Off

2013-04-22 15:58:00| Climate Ark Climate Change & Global Warming Newsfeed

CNBC: At a public hearing this week in Nebraska, there's sure to be plenty of talk about the environmental impact of the proposed Keystone XL pipeline that will bring oil from Hardisty, Alberta through Montana, South Dakota and Nebraska to Steele City and then on to Gulf Coast refineries. But the real environmental debate begins hundreds of miles north where the oil comes from, in Fort McMurray, Alberta--the unofficial capital of oil sands country. At the end of March, I visited the oil sands operations....

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Coal exports in the Northwest: Dirty war

2013-04-20 02:36:15| Climate Ark Climate Change & Global Warming Newsfeed

Economist: MITT ROMNEYS charge that America had declared war on coal may not have won him last years presidential election. Yet this once-mighty industry is struggling, squeezed by the plummeting cost of natural gas and a torrent of tough new environmental rules. Last year 37.4% of American electricity production came from coal, down from 48.5% in 2007. The Energy Information Administration expects a slight rise this year as gas prices begin to creep up. But further restrictions on power-station emissions...

Tags: war dirty northwest coal

 

Is Haiti condemned to dirty air, denuded hills, blackouts and dangerous flooding?

2013-04-18 14:37:04| Climate Ark Climate Change & Global Warming Newsfeed

ClimateWire: Robert Naylor walks the perimeter of an electricity substation high above the earthquake-battered capital of Port-au-Prince, pointing out new batteries, switches and transformers that his construction company, Perini Management Corp., installed here as part of a $12.7 million U.S. Agency for International Development project to strengthen Haiti's energy infrastructure. This substation and others were damaged in the 2010 quake, and the United States is investing in repairs to the transmission and...

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