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5 Rainforest Action Advocates Arrested Redecorating Bank of America to "Bank of Coal"

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KoKo Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-03-12 02:43 PM
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5 Rainforest Action Advocates Arrested Redecorating Bank of America to "Bank of Coal"
Edited on Thu May-03-12 02:44 PM by KoKo
'Facelift' to Bank of America Stadium Highlights Bank's Funding of Coal
Banner-drop action leads to five arrests, underscores bank's contribution to climate change



Five activists with Rainforest Action Network (RAN) were arrested on Wednesday when they dropped a banner "renaming" Bank of America Stadium in Charlotte, N.C. Bank of Coal to highlight the bank's financing of the coal industry.

(image: Rainforest Action Network) "I took a stand today because of the extreme risk that coal poses to our health, our climate and our future, said Sam Maron, one of the climbers involved in the protest. "Bank of America tops all other banks in funding the poisoning of our air and water through its coal investments, it is immoral, it is outdated and it is bad business.

In the third annual Coal Finance Report Card from RAN and the Sierra Club released Tuesday, the groups listed Bank of America "the number one worst bank for financing of coal."

Today, Rainforest Action Network has taken our message to extraordinary heights because the risk that coal poses to our health and our climate is nothing less than extraordinary. Its past time Bank of America take a leadership role in transitioning our economy away from this dangerous and outdated industry, Todd Zimmer, a lifelong Charlotte resident and organizer with Rainforest Action Network, said Wednesday.
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Yesterday, RAN released its third annual Coal Finance Report Card, which ranks the largest financiers of mountaintop removal coal mining and coal-fired power plants. Bank of America received a failing grade for its weak coal policy and considerable exposure to the industry. Bank of America funds every sector of the U.S. coal industry, including companies operating controversial mountaintop removal coal mining and those planning to build out coal export terminals along the Pacific Northwest coastline.

Today, Rainforest Action Network has taken our message to extraordinary heights because the risk that coal poses to our health and our climate is nothing less than extraordinary. Its past time Bank of America take a leadership role in transitioning our economy away from this dangerous and outdated industry, said Todd Zimmer, a lifelong Charlotte resident and organizer with Rainforest Action Network.

Todays action kicks off a week of events leading up to Bank of Americas annual shareholder meeting on May 9 where organizers predict more than 1,000 people plan to protest the company.


http://www.commondreams.org/newswire/2012/05/02-5
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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-03-12 02:50 PM
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1. Solidarity.
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