This weekend, Energy Justice Network, a Philadelphia-based environmental non-profit, took to the streets to protest Bank of America’s investments in coal. Joined by local activists and supported by Rainforest Action Network, Energy Justice Network was one of 50 groups from across the country to organize “No Coal Day of Action” events this weekend.
The group spent Saturday distributing information, collecting petition signatures, and calling the Bank headquarters (phone number 704-386-5666) to persuade Bank of America to stop providing massive loans to coal companies. Bank of America’s loan practices are literally fueling the climate crisis by enabling the construction of expensive new coal plants likely to become even more costly for ratepayers due to a carbon cap-and-auction system under the Obama administration.
Rainforest Action Network’s global finance campaign has revealed that Bank of America, and other major banking institutions such as Citi and JPMorgan Chase, all provide significant financial resources to coal companies – including those that practice mountaintop removal mining. Groups hosting “No Coal’ protests this weekend implored bank customers to reconsider their banking options amid a severe economic downturn, and to support safe alternative financial institutions such as credit unions.
Philadelphia, PA – As the Senate gears up to debate climate legislation this fall, paid lobbyists with the American Petroleum Institute are organizing a new type of event – invitation only “Energy Citizens” rallies. These rallies are one of the latest attempts to spread fear that the American Clean Energy and Security Act (ACES) will raise energy prices and ‘kill jobs’.