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printMountain Top Removal Coal Mining - United States location
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![]() sector
mining
description
Mountaintop removal mining is a form of strip mining in which coal companies use explosives to blast as much as 800 to 1000 feet off the tops of mountains order to reach the coal seams that lie underneath. The resulting millions of tons of waste rock, dirt, and vegetation are then dumped into surrounding valleys, burying miles and miles of streams under piles of rubble hundreds of feet deep. Mountaintop removal mining harms not only aquatic ecosystem, and water quality, it also destroys hundreds of acres of healthy forests and fish and wildlife habitat, including habitat of threatened and endangered species, when the tops of mountains are blasted away. Throughout the Appalachian region of the Eastern United States, hundreds of mountains have been flattened – first by clear-cutting forests, then by blowing off the top layers of rock with powerful explosives. Giant cranes (draglines) expose buried coal by scraping billions of tons of dirt off the mountain. The debris is then dumped into neighboring valleys and streams. Rather than remove coal from the mountain, MTR removes the mountain from the coal. current status (Jan 31, 2010)
On-going financing of destructive operations. companies involved
Principal MTR companies include: Massey Energy, Arch Coal, Alpha Natural Resources and International Coal Group. They represent four out of the five top coal companies in the USA. Massey is the largest MTR operator in dodgy aspects
social impact
For marginalized coalfield resident communities, MTR has meant the loss of thousands of jobs and growing health risks. Poverty has increased in MTR regions, even as corporate profits soar. Coal sludge dams can contain billions of tons of toxic waste from mining operations and threaten local communities. environment
The US Environmental Protection Agency estimates that more than one million acres have already been lost to mountain top removal and that more than 1,200 miles of streams have been buried by valleyfills. other issues The expansion of mountaintop removal mining is fuelled by the fact that the U.S. is in the midst of a coal rush. Currently, more than 150 new coal-fired power plants are in various stages of development around the country, and our government is relaxing laws in order to allow even more coal mining that destroys communities and ecosystems. These new power plants will emit 600 million tons of carbon dioxide annually - which is tantamount to doubling the number of cars on our roads! Coal is the single biggest obstacle to curbing global warming as well as destructive coal mining practices. financial institutions involved
banks
Bank of America
- profile
Citigroup
- profile
Credit Suisse Group
- profile
Goldman Sachs
- profile
JPMorgan Chase
- profile
Lehman Brothers
Morgan Stanley
- profile
Royal Bank of Scotland
- profile
Sumitomo Mitsui Banking Corporation
- profile
UBS
- profile
Wells Fargo
investment funds
Merrill Lynch
what must happen
Banks should withdraw from any on-going financing relationships with clients that practice MTR, divest and place MTR on their financing exclusion lists.
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