Recently three of the nation's largest investment banks - Citi, JP Morgan Chase and Morgan Stanley - announced that they will begin using new environmental principles when considering loans for proposed coal-fired power plants.
The banks aren't yet saying "no" to new coal power, but for the first time, some leading financial institutions are saying it's time to at least examine the global warming implications of their investments.
This is good news and a move in the right direction: there are over 100 coal plants proposed in 40 states right now, many of which will require loans from banks like these.
The Alliance for Climate Protection is a nonpartisan non-profit organization founded by former Vice President Al Gore focused on stopping global warming. The Alliance is educating people in the USA and around the world that the climate crisis is both urgent and solvable.
Right now, we need to encourage the banks to continue to take bold steps for the climate and urge other investment banks and government lending agencies to adopt similar measures. Please click here to add your voice: www.climateprotect.org/bankpetition
For more information about the campaign, please visit the Alliance for Climate Protection
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Board of Directors of the Alliance for Climate Change:
Former U.S. Vice-President Al Gore, Chairman
Theodore Roosevelt IV, Managing Director of Lehman Brothers
Larry Schweiger, President of the National Wildlife Federation
Carol Browner, Former Administrator: U.S. Environmental Protection Agency
Brent Scowcroft, Former National Security Advisor to two U.S. Presidents
Lee Thomas, Former Administrator: U.S. Environmental Protection Agency
Orin Kramer, General Partner, Boston Provident L.P.
Former Congressman Sherwood Boehlert Kevin Wall, Producer of Live Earth / SOS
Click here
for more information or to contact the Alliance for Climate Change at their Palo Alto, California office.
Want to explore the many things you can do to make a difference? Visit this interactive page from the Alliance for Climate Change.
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