JP Morgan Chase, Bank of America Called Out For Financing Mountaintop Removal


Mountaintop removal is one of those instinctively gut-wrenching things--it's never pretty to see natural habitats blown open to make room for coal mining.  And yet, many of the biggest banks in the U.S. continue to fund the practice, according to a report from the Rainforest Action Network.

Nine banks--Bank of America, Citi, Morgan Stanley, Credit Suisse, Wells Fargo, GE Capital Corp, JPMorgan Chase, PNC, and UBS--have funded $3.9 billion in loans and bond underwriting for companies...

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Published on May 14, 2010 16:42
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