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Ran in the news

May 06, 2015

Bank of America's New Policy to Limit Credit Exposure to Coal

“The bank announced its new coal policy at its annual meeting, saying it would cut back its lending to coal extraction companies and coal divisions of broader mining companies…

Rainforest Action Network, one of the groups that pressured Bank of America on this issue, said the announcement represented a "sea change" …

RAN said Bank of America has made strides since 2011, when it was one of the biggest bankrollers of coal. On Monday, it got the highest rating of any bank in the RAN's 2015 Coal Finance Report Card.”

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