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  Bank of America commits to phase out MTR funding

  Great News re:Bank of America

  Yesterday, BofA released its revised its coal policy, which will have the immediate effect of curtailing commercial lending to companies that mine coal by blowing off the top of mountains in Appalachia. The policy states, in part:

      "Bank of America is particularly concerned about surface mining conducted through mountain top removal in locations such as central Appalachia. We therefore will phase out financing of companies whose predominant method of extracting coal is through mountain top removal. While we acknowledge that surface mining is economically efficient and creates jobs, it can be conducted in a way that minimizes environmental impacts in certain geographies."

  more at http://www.dailykos.com/story/2008/12/3/17287/0903
  On EPA approves rule change making mountaintop-removal mining easier posted 11 months, 4 weeks ago 5 Responses