Bank of America, The Bank of Coal

[texastoast]

Bank of America, The Bank of Coal

Bank of America is the biggest bank in the United States and the sixth largest in the world. With over $2 trillion in assets, branches is 43 states, nearly 300,000 employees, and expanding operations in Asia, Europe the Middle East, Africa, Latin America and Canada, the scale and reach of Bank of America’s business is immense.

The scale and reach of Bank of America’s investments in coal are immense, as well. While the bank claims to take its responsibility for its investments’ impacts on the environment and climate seriously in its corporate social responsibility reports, Bank of America is a leading investor in dirty, polluting coal. In fact, over the past two years, Bank of America has invested $4.3 billion in the coal industry, more than any other bank.

Full article at link.


http://understory.ran.org/2011/07/28/bank-of-america-the-bank-of-coal/

[banned from Kos]

1. They LOAN money to the Coal Barons who strip mountains for bucks

This is actually a good ethical/business case study.

I hate coal MTP removal. I consider AGW the most pressing issue today.

But a bank who loans to support a legit business is not to blame, IMHO. WE ARE TO BLAME!!!! ME AND YOU! For allowing the rape of our precious natural habitat.