Quantcast
Environmental News for a Healthier Planet and Life

Help Support EcoWatch

Eight Arrested at Bank of America Headquarters Protesting Mountaintop Removal Coal Mining

Energy
Eight Arrested at Bank of America Headquarters Protesting Mountaintop Removal Coal Mining

Rainforest Action Network

Eight people were arrested Nov. 15 protesting Bank of America’s reckless financing practices, including the banks role as the lead financier of coal. Two people were arrested after unfurling a banner reading “Not with Our Money” from atop two 50-foot flagpoles at the entrance of Bank of America’s headquarters in downtown Charlotte, N.C. Six more were arrested below—two while supporting the climbers, and four while blocking the main entrance to the bank’s headquarters.

“As the authorities attempt to evict Occupy protestors from public spaces, they are going to start showing up at Bank of America doorsteps across the country. Bank of America is in the center of the Occupy Movement because of its reckless financial practices that put profit before people and planet,” said Amanda Starbuck, Rainforest Action Network’s (RAN) Energy and Finance campaign director. “If Bank of America would like to regain the trust of the 99 percent, it must adopt sound economic and environmental policies that reflect the values of its customers. Bank of America can start by getting out of bed with the coal industry, and shifting its funding toward renewable energy sources that will have long term benefits for our environment, our health and our economy.”

“Bank of America is foreclosing on our neighbors and it's foreclosing on our climate. To be honest, I'm embarrassed that I'm still a customer,” said Jamie Trowbridge, an Appalachian State University student who was one of the two climbers arrested at the protest. “Coal is dirty at every stage in its lifecycle. No longer will Bank of America fund coal with my money. When I get back to school, I'm going to cut up my BoA debit card, and help other students do the same.”

In the past two years alone, Rainforest Action Network has found that Bank of America has pumped $4.3 billion into the U.S. coal industry—$1.3 billion more than other top banks. With the Nov. 15 protest, environmentalists have joined the mounting outrage at Bank of America’s reckless financing practices, a critique which has been on display with the Occupy Wall Street Movement and with the record transfer of customer accounts to credit unions. According to the Credit Union National Association, 700,000 consumers across the nation have joined credit unions since Sept. 29 and credit unions have added $4.5 billion in new savings accounts.

Bank of America funds every sector of the U.S. coal industry, including companies that operate the most controversial coal-fired power plants and the most devastating forms of strip mining, including mountaintop removal coal mining.

The action comes only a month after RAN announced its Not One More Dollar, which asks Bank of America customers to close their accounts until Bank of America stops subsidizing the coal industry. The international environmental group has garnered the support of thousands of Bank of America customers, who in the last few weeks have pledged to close their accounts, citing the bank’s insistence on underwriting the coal industry.

Coal is responsible for 40 percent of greenhouse gas emissions and the U.S. is the world’s second largest coal producer. Coal-fired energy generation is responsible for pollutants that damage cardiovascular and respiratory health and threaten healthy child development.

Sign our letter and tell Bank of America Not with Our Money.

For more information, click here.

—————

Rainforest Action Network runs hard-hitting campaigns to break North America’s fossil fuels addiction, protect endangered forests and Indigenous rights, and stop destructive investments around the world through education, grassroots organizing, and non-violent direct action. For more information, please visit www.ran.org

54% of parents with school-age children expressed concern that their children could fall behind academically, according to a poll conducted over the summer of 2020. Maria Symchych-Navrotska / Getty Images

By Pamela Davis-Kean

With in-person instruction becoming the exception rather than the norm, 54% of parents with school-age children expressed concern that their children could fall behind academically, according to a poll conducted over the summer of 2020. Initial projections from the Northwest Evaluation Association, which conducts research and creates commonly used standardized tests, suggest that these fears are well-grounded, especially for children from low-income families.

Read More Show Less

EcoWatch Daily Newsletter

A teenager reads a school English assignment at home after her school shut down because of the COVID-19 pandemic on March 22, 2020 in Brooklyn, New York. Andrew Lichtenstein / Corbis via Getty Images

The pandemic has affected everyone, but mental health experts warn that youth and teens are suffering disproportionately and that depression and suicide rates are increasing.

Read More Show Less

Trending

In an ad released by Republican Voters Against Trump, former coronavirus task force member Olivia Troye roasted the president for his response. Republican Voters Against Trump / YouTube

Yet another former Trump administration staffer has come out with an endorsement for former Vice President Joe Biden, this time in response to President Donald Trump's handling of the coronavirus pandemic.

Read More Show Less
Climate Group

Every September for the past 11 years, non-profit the Climate Group has hosted Climate Week NYC, a chance for business, government, activist and community leaders to come together and discuss solutions to the climate crisis.

Read More Show Less
A field of sunflowers near the Mehrum coal-fired power station, wind turbines and high-voltage lines in the Peine district of Germany on Aug. 3, 2020. Julian Stratenschulte / picture alliance via Getty Images

By Elliot Douglas

The coronavirus pandemic has altered economic priorities for governments around the world. But as wildfires tear up the west coast of the United States and Europe reels after one of its hottest summers on record, tackling climate change remains at the forefront of economic policy.

Read More Show Less

Support Ecowatch