November 16-17, 2007
100 Actions in 24 Hours
Noon until Noon; Multiple Actions Encouraged!
Join Rainforest Action Network, Coal River Mountain Watch, Appalachian Voices, Mountain Justice and a cast of thousands as we mobilize to stop Bank of America and Citi’s investments in the coal industry!
Sign Up Here >> http://community.ran.org/node/333
WHAT: 100 Actions in 24 Hours Against Bank of America and Citi’s Coal Investments
WHERE: Your Town USA
WHEN: November 16-17, 2007 Noon until Noon
CONTACT: Scott at [email protected] or 1-800-989-RAIN
SIGN UP FOR AN ACTION: http://community.ran.org/node/333
Why are Bank of America and Citi so bad?
- ACCELERATING CLIMATE CHANGE
The Bush-Cheney Energy Plan has put over 150 new coal-fired power plants on the drawing board. Bank of America and Citi have financed billions of dollars supporting dozens of these new coal-fired power plants. If these proposed plants are built, 600 million tons of additional C02 will be emitted annually – negating all over efforts to curb climate change. In 2006, Citi was the top underwriter for the coal industry with twice the amount of coal money issued as its closest competitor. Citi arranged a $37 billion loan for the buyout of top Texas polluter TXU, which faced massive opposition from a coalition of environmental and community groups, as well as from over a dozen Texas mayors for its proposal to build nearly a dozen new coal-fired power plants.
- DESTROYING APPALACHIA’S MOUNTAINS
Both banks are funding companies that are responsible for mountaintop removal. Mountaintop removal is the highly destructive mining process that literally explodes the tops off of mountains. It has led to the loss of thousands of square miles of Appalachian forests and mountains and the devastation of Appalachian communities, and yet they continue to bankroll this destruction. Bank of America and Citi have financed billions of dollars to companies that practice mountaintop removal, including Massey Energy, Arch Coal, Alpha Natural Resources and many more.
- VIOLATING HUMAN RIGHTS
Both Citi and Bank of America have funneled billions to Peabody Energy, the largest coal mining company in the world. For 40 years, Navajo and Hopi communities in Arizona have been ravaged by Peabody Energy’s Black Mesa mine, which affects the land rights of thousands of families, drains 2.5 million gallons daily from the only community water supply and has left a toxic legacy along a 273-mile coal slurry pipeline.
- BOTH ARE LEADING FINANCIERS OF DIRTY ENERGY
Citi is a top financier to the energy industry – underwriting over $38 billion dollars in 2006. And the company’s stated commitment to clean energy? Citi was the underwriter for one single transaction for alternative energy in 2006, financing 200 times as much money for dirty energy as they did for alternative energy. In 2006, Bank of America spent nearly 100 times as much money on dirty energy as for clean energy. With $1.5 trillion in assets, their new climate pledge of $20 billion over 10 years commits less than 0.2% of their assets per year to this cause.
- Join us on Friday, November 16, and Saturday, November 17, in front of your local Bank of America and Citi branches, offices and ATMs.
- Sign up now at http://community.ran.org/node/333. We’ll have a couple of conference calls for check-in as we get close to the date.
- We are happy to be able to provide grassroots activists with even more trainings and resources than ever before. It couldn’t be easier or more important for you to get involved in your community today!!
- To get involved, you can download a package at www.dirtymoney.org or contact [email protected]
- To participate in the day of action contact Scott at [email protected] or 1-800-989-RAIN. Sign up so that we (Coal River Mountain Watch, Rainforest Action Network, Mountain Justice and Appalachian Voices) can support you. We can send you banners and flyers, as well as help you brainstorm potential actions.
It’s time to take to the streets and send Bank of America and Citi a message that grassroots movements against coal extraction, processing and combustion demand an end to coal financing – Coal is Over. Fund the Future!