RAN and the Sierra Club hope that by exposing the impact these banks are having on the environment through their financing programs, they can help alert the public and policymakers to the need to outlaw
MTR coal mining altogether.
This past April, RAN teamed up for the second year in a row with another leading non-profit green group concerned about MTR, the Sierra Club, in publishing a «report card» reviewing 10 of the world's largest banks in regard to their financing of
MTR coal mining projects.
Not exact matches
By now, 500 mountains have been blown up and over 2,000 miles of streams have been buried as a result of mountaintop removal (
MTR)
coal mining.
Massey's name, now closely associated with
MTR and the most deadly mine disaster in the past 20 years, has turned as black as the
coal they mine.
This merger created the largest single
MTR company in the country, now responsible for some 25 percent of
coal production from
MTR mines.
Yes, it's true that many major banks invest in companies that engage in the environmentally destructive practice of mountaintop removal (
MTR)
coal mining, whereby the tops of mountains are removed by explosives to expose thin seams of recoverable
coal.
The report card grades each bank based on its current position and practice regarding
MTR investments, and calls on the banks to strengthen their policies and cease their financial support for
coal companies engaging in
MTR.
Since blasting off ridge tops to reach seams of buried
coal strips the mountains of soil and vegetation, it seems logical that
MTR mining would contribute to more intense flash floods.
This data has already allowed outside organizations and research institutions to directly link
MTR to downstream water pollution and related environmental destruction, as well as provide input into numerous health studies and predict where
coal companies might go next.
[34] In 2009, JPMorgan Chase helped finance $ 600 million for Arch
Coal, which that year mined 4.7 million tons of coal using
Coal, which that year mined 4.7 million tons of
coal using
coal using
MTR.
Maria Gunnoe was awarded the Goldman Prize in 2009 for leading a campaign against the environmentally devastating practice of mountaintop removal
coal mining (
MTR).
Gunnoe continues to be a leading voice in the fight against
MTR and will be speaking about her experience with the
coal industry tonight at a public event, «The Goldman Prize at 25» at the Commonwealth Club of California in San Francisco.