Cross-posted from Appalachian Voices
PNC Bank recently decided that funding mountaintop removal mining doesn’t go with their big green wall (the largest vertical green garden in North America). They recently joined a growing list of banks who have decided that it’s just not worth the public humiliation to bankroll the destruction of America’s oldest mountains for coal. Our friends at Rainforest Action Network have been actively engaged in a grassroots campaign to pressure banks from funding this destructive mining technique that has already destroyed over 500 mountains and over 2000 miles of streams.
An excerpt from PNC’s policy statement:
MTR is the subject of increasing regulatory and legislative scrutiny, with a focus on the permitting of MTR mines. While this extraction method is permitted, PNC will not provide funding to individual MTR projects, nor will PNC provide credit to coal producers whose primary extraction method is MTR.
RAN recently won a Benny Award from the Business Ethic Network for their Global Finance Campaign. Appalachian Voices won a award for playing a supporting role by providing them the data needed to identify their targets. GO TEAM!
Read the original post here:
Another Bank Just Says No to Mountaintop Removal