Wall St. and Mountaintop Removal
Over the past century, the Big Banks have accrued untold power only to use it to repeatedly drive the world’s economy to the brink of collapse. Now the biggest banks are threatening to take us to the edge of an ecological catastrophe if they don’t stop funding coal, the primary driver of climate change.
Over the past 2 years, Bank of America has invested over $4.3 billion in coal. Bank of America is the biggest bank in the United States and the biggest underwriter of the coal industry—bankrolling coal mining, infrastructure investments and coal plants around the country. While Bank of America claims to support environmental responsibility, they continue to lead investments in coal, one of the biggest threats to public health and climate stability.
UBS: World’s Largest Financier of Mountaintop Removal
Reverend Billy, of the Church of Stop Shopping, on UBS:
“Now we turn our attention to UBS as the single largest financer of Mountain Top Removal (PDF report) in the world, providing Big Coal with hundreds of millions of dollars to finance this deadly practice. UBS is also the world’s largest private bank, famous for hoarding the wealth of Republicans, Nazis, and any old tinhorn dictator.”
UBS Handout by Mountain Activists in Knoxville, Tn
Read More on UBS’s MTR and Environmental Policies