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Recommend Rainforest Action Network - Bankrolling Climate Change: New Study Ranks Top 20 Climate Killer Banks (Email)

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November 30, 2011

Rainforest Action Network (RAN)

http://www.ran.org/bankrolling-climate-change-new-study-ranks-top-20-climate-killer-banks

DURBAN, SOUTH AFRICA - November 30 - Today, as world leaders gather in Durban to discuss solutions to global climate change, an international coalition of civil society and environmental organizations released a new study, “Bankrolling Climate Change,” highlighting the top 20 banks that finance the coal industry. The study examines commercial banks’ lending for the coal industry and provides the first comprehensive climate ranking for financial institutions. The study finds JPMorgan Chase, Citi and Bank of America to be the top three banks in the world financing climate change.

A full copy of the study with a ranking of all the researched banks can be downloaded at www.banktrack.org.

The report comes from German environment organization urgewald, the South African social and environmental justice organizations groundWork and Earthlife Africa Johannesburg and the international network BankTrack.


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