Quantcast

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

Energy

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

EcoWatch Daily Newsletter

European Commission President Ursula von der Leyen delivers a press statement on the European Green Deal at the EU headquarters in Brussels, Belgium on Dec. 11, 2019. Xinhua / Zheng Huansong via Getty Images

The European Commission introduced a plan to overhaul the bloc's economy to more sustainable, climate-conscious policies and infrastructure, with the goal of being carbon-neutral by 2050, according to CNBC.

Read More Show Less
Young activists shout slogans on stage after Greta Thunberg (not in the picture) took part in the plenary session during the COP25 Climate Conference on Dec. 11 in Madrid, Spain. Pablo Blazquez Dominguez / Getty Images

By Andrea Germanos

Young activists took over and occupied the main stage at the COP25 climate conference in Madrid, Spain Wednesday and demanded world leaders commit to far more ambitious action to address the ecological emergency.

Read More Show Less
Sponsored
A NASA image showing the ozone hole at its maximum extent for 2015. NASA Goddard Space Flight Center

The Montreal Protocol, a 1987 international treaty prohibiting the production of chlorofluorocarbons (CFCs) to save the ozone layer, was the first successful multilateral agreement to successfully slow the rate of global warming, according to new research. Now, experts argue that similar measures may lend hope to the climate crisis.

Read More Show Less
Example of starlings murmuration pictured in Scotland. Tanya Hart / Flickr / CC BY-SA 2.0

Police in Wales are in the midst of an unusual investigation: the sudden death of more than 200 starlings.

Read More Show Less
Donald Trump Jr. killed an argali sheep like this one on a hunting trip in Mongolia. powerofforever/ iStock / Getty Images Plus

During a hunting trip in Mongolia this August, Donald Trump Jr. shot and killed an endangered argali sheep, and received a permit only after the fact.

Read More Show Less