Bank of AmericaUnited States
Created before Nov 2016
Last update: 2019-05-10 10:37:54
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About Bank of America

Bank of America is an American multinational banking and financial services corporation and is the second largest bank holding company in the United States by assets, and the fourth largest bank in the U.S. by market capitalization. Bank of America serves clients in more than 150 countries and has a relationship with 99% of the U.S. Fortune 500 companies and 83% of the Fortune Global 500. The company is a member of the Federal Deposit Insurance Corporation (FDIC) and a component of both the S&P 500 Index and the Dow Jones Industrial Average. In 2008 Bank of America acquired Merrill Lynch, enabling the bank to become the world's largest wealth management corporation and a major investment bank.

Website http://www.bankofamerica.com
Headquarters
100 North Tryon Street
28255 Charlotte, NC
United States
CEO/chair Brian T. Moynihan
CEO
Supervisor
Federal Reserve
Annual report Annual report 2018
Ownership
listed on NYSE Euronext & Tokyo Stock Exchange

Bank of America's share holder structure can be accessed here.

Related Dodgy Deals

Bank Of America has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Projects - active profiles

Kusile coal power plant South Africa profile

energy plants - coal
Advisor
October 2010
Merrill Lynch to help it with the design and implementation of what will be a multibillion-rand international bond programme, which could kick off in the US early 2011
source: link

Line 3 Pipeline Replacement Project (L3RP) United States profile

oil and gas | transport and infrastructure
Debt – corporate loan
Bank of America does not provide direct financing for the Line 3 replacement but provides revolving credit for Enbridge.
source: Greenpeace
link

Mountain Valley Pipeline United States profile

oil and gas | transport and infrastructure
Bond issue – underwriter
USD 90 million
1 December 2016 - 1 December 2026
source: EQM filings at the SEC
link
Debt – corporate loan
USD 51 million
18 February 2014 - 18 February 2019
source: EQM filings at the SEC
link

Solwara 1 Deep Sea Mining Project Papua New Guinea profile

mining - non coal
Debt – corporate loan
USD 61.51 million
2013
Provided to Metalloinvest and its subsidiaries since 2013
source: Profundo report
link
Bond issue – underwriter
USD 114.29 million
2013
Provided to Metalloinvest and its subsidiaries sicne 2013
source: Profundo report
link

Trans Mountain Pipeline Expansion project (TMEP) Canada profile

oil and gas | transport and infrastructure
Debt – corporate loan
 315 million
31 May 2017
Financed CAD 315 million as part of CAD 5.5 billion credit facility
source: Securities & Exchange Commission
link
There are no active projects for Bank of America now.

Projects - on record profiles

Annova LNG Terminal United States profile

oil and gas | transport and infrastructure
Debt – corporate loan
USD 20 million
26 May 2016 - 26 May 2021
Part finance of USD 600 million revolving credit facilty
source: Rainforest Action Network
link

Atlantic Coast Pipeline United States profile

oil and gas | transport and infrastructure
Debt – corporate loan
USD 308 million
November 2016
Participation in syndicated loan (revolving credit) of USD 5 billion to Dominion Energy
source: Dominion SEC Ex. 10.1
link
Debt – corporate loan
USD 25.5 million
October 2016
Participation in syndicated loan (revolving credit) of USD 300 million to Dominion Energy
source: Dominion SEC Ex. 10.2
link
Debt – corporate loan
USD 340 million
January 2015
Participation in syndicated loan (revolving credit) of USD 7.5 billion to Duke Energy
source: Duke SEC 10.1
link

Dominion Cove Point LNG United States profile

energy distribution
IPO underwriter
October 2014
source: link

Dynegy coal power plants United States profile

energy plants - coal
Debt – corporate loan
Credit facility in May 2007

Gateway Pacific coal export terminal United States profile

transport and infrastructure
Debt – corporate loan
USD 1.5 billion
March 2011
Participated in credit facility to Peabody Energy
source: Reuters
Uncategorised
USD 135.78 million
March 2011
shares/bonds underwriter or manager - Underwriting bonds Peabody Energy
source: Reuters

Grasberg gold and copper mine Indonesia profile

mining - non coal
Debt – corporate loan
Loan in March 2007 for acquisition of other mining group (Phelps Dodge)

Hazelwood coal power plant Australia profile

energy plants - coal
Debt – corporate loan
AUD 35 million
2008
source: link

Kaltim Prima Coal mine Indonesia profile

mining - coal
Uncategorised
EUR 361.4 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 112.3 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Mountain top removal coal mining United States profile

mining - coal
Uncategorised
EUR 1,571 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 952 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Companies - active profiles

Arauco Chile profile

forestry - pulp and paper
Bond issue – underwriter
USD 125 million
2018
source: Thomson Reuters Eikon

BAE Systems United Kingdom profile

arms industry and trade
Debt – corporate loan
EUR 100 million
30 April 2018
Bank of America participated in a syndicated loan to BAE Systems for 100.13 million euro of a total package of 2.3 billion euro.
source: ThomsonEikon
Bond issue – underwriter
EUR 230 million
3 December 2015
Bank of America participated in a 1.4 billion euro bond issuance for 230 million euro for BAE Systems
source: ThomsonEikon

Drummond United States profile

mining - coal
Uncategorised
EUR 24.9 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 165.6 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Elbit Systems Israel profile

arms industry and trade | aviation | security and surveillance systems
Equity – share owner/manager

Eskom South Africa profile

energy plants - coal | energy plants - nuclear
Bond issue – underwriter
USD 583.3 million
January 2011
It is assumed that half of the bond issuances were directed to Medupi and half were directed to Kusile.
source: Thomson ONE Banker, Tearsheet 2257485006, 19 January 2011.
Uncategorised
EUR 267.1 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014

Kinder Morgan United States profile

energy distribution | oil and gas | transport and infrastructure
Debt – corporate loan
USD 245 million
19 September 2014
Co-financed USD 5 billion revolving credit facility
source: www.sec.gov
link

Korea Electric Power Corporation (KEPCO) South Korea profile

energy plants - coal | energy plants - nuclear | mining - coal | nuclear industry
Share issue – underwriter
USD 171 million
2014 - 2017
Share and bond issuance combined
source: Coal Developers Report 2017
link
Uncategorised
EUR 26.4 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Bond issue – underwriter
EUR 5.1 million
source: Thomson ONE database.

Lockheed Martin United States profile

arms industry and trade
Debt – corporate loan
EUR 215 million
24 August 2018
Bank of America participated for 215.3 million euro in a syndicated 2.2-billion-euro loan to Lockheed Systems
source: ThomsonEikon
Debt – corporate loan
EUR 235 million
9 October 2017
Bank of America participated on a 2.2-billion-euro loan package for 234.7 million euro
source: ThomsonEikon
Debt – corporate loan
EUR 250 million
9 October 2016
Bank of America participated on a 2.2 billion euro loan package for 248.04 million euro
source: ThomsonEikon

Marubeni Japan profile

energy plants - coal | forestry - pulp and paper | mining - non coal | transport and infrastructure
Debt – corporate loan
USD 101 million
2014 - 2017
source: BankTrack Coal Developers Report
link

RWE Germany profile

energy plants - coal | energy plants - nuclear | mining - coal
Debt – corporate loan
USD 245 million
2014 - 2017
source: BankTrack Coal Developers Report 2017
link
Share issue – underwriter
USD 238 million
2014 - 2017
Combined share and bond issuance underwriting
source: BankTrack Coal Developers Report 2017
link
Uncategorised
EUR 180.5 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 69.3 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 6.2 million
revolving credit
source: Thomson ONE database.
Bond issue – underwriter
EUR 16.8 million
source: RWE, Essen, 21 July 2003; Thomson ONE database; RWE, Essen, 25 November 2008.

TransCanada Corporation Canada profile

Debt – corporate loan
USD 1 billion
14 December 2017 - 14 December 2018
Co financed USD one billion credit facility to TransCanada Pipeline USA
source: Rainforest Action Network via Bloomberg Professional Services
Debt – corporate loan
USD 500 million
14 December 2017 - 14 December 2018
Co financed USD 500 million credit facility to TransCanada American Investment
source: Rainforest Action Network via Bloomberg Professional Services
Debt – corporate loan
December 2017
Co financed USD 1.5 billion credit renewal
source: Data provided by Rainforest Action Network, via Bloomberg Professional Services
Debt – corporate loan
December 2016
Co financed USD 5 billion revolving credit facility

UPM-Kymmene Finland profile

forestry - pulp and paper
Debt – trade finance
USD 32 million
2011 - 2017
Loans and underwriting between 2011 and 2017
source: link

Vale Brazil profile

mining - coal | mining - non coal
Bond issue – underwriter
USD 250 million
7 June 2016 - 10 June 2021
Via Vale Overseas Ltd.
source: Profundo research Jan 2019
Debt – corporate loan
USD 3 billion
May 2015 - May 2020
Co-financed USD 3 billion credit facility
source: Vale press release
link

Wilmar International Singapore profile

agriculture - palm oil
Debt – corporate loan
EUR 81 million
June 2010 - June 2011
Part of a €325 million one-year credit facility from a syndicate of four banks that matured in 2011.
source: FoE Europe report (November 2015)
link
There are no active companies for Bank of America now.

Companies - on record profiles

Adani India profile

energy plants - coal | mining - coal | oil and gas
Share issue – underwriter
USD 71.43 million
2016 - 2018
source: Coalexit.org database
link
Share issue – underwriter
USD 276 million
2014 - 2017
Combined total share and bond issuance underwriting
source: BankTrack Coal Developers Report 2017
link
Uncategorised
EUR 26.2 million
2010 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014

Alliant Techsystems United States profile

arms industry and trade
Uncategorised
Info on Bank of America's role in Alliant Techsystems can be found here:
source: link

Alpha Natural Resources United States profile

mining - coal
Uncategorised
EUR 218.3 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 354.8 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Anglo American United Kingdom profile

mining - coal | mining - non coal
Uncategorised
EUR 55.5 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 57.2 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Arch Coal United States profile

mining - coal
Uncategorised
EUR 829.6 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 377.6 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Areva France profile

energy plants - nuclear | energy plants - renewables | mining - non coal | nuclear industry
Debt – corporate loan
EUR 105 million
source: Euroweek - Issue: 986; Euroweek - Issue: 990;Euroweek - Issue: 1029;Thomson ONE database.

BHP Billiton Australia profile

mining - coal | mining - non coal | oil and gas
Uncategorised
EUR 109.8 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Bond issue – underwriter
EUR 36.1 million
source: Prospectus Supplement, BHP Billiton, Melbourne, 5 December 2005; BHP Billiton Prices Global Bond, Press release BHP Billiton, Melbourne, 6 December 2005; Prospectus Supplement, BHP Billiton, Melbourne, 26 March 2007.
Debt – corporate loan
EUR 55.2 million
source: International Financing Review, 26 October 2002; Euroweek - Issue: 780, London, 22 November 2002; Prospectus WMC Resources, 26 June 2003; Annual Report 2005

Bumi Resources Indonesia profile

mining - coal
Uncategorised
EUR 361.4 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 112.3 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Coal India India profile

mining - coal
Uncategorised
EUR 570.5 million
2010 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Advisor
Coal India appointed Merrill Lynch, part of Bank of America (United States), to inspect Peabody Energy's Australian assets.
source: Profundo study (December 2010)

EDF France profile

energy plants - nuclear
Debt – corporate loan
EUR 112.1 million
source: Thomson ONE database
Bond issue – underwriter
EUR 318.88 million
source: Thomson ONE database.

ENGIE France profile

energy plants - coal | energy plants - dams
Uncategorised
USD 1,855 million
2006
shares/bonds underwriter or manager, since 2006
source: Thomson One
Debt – corporate loan
EUR 22.4 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014
Uncategorised
EUR 25.6 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014

Glencore Switzerland profile

mining - coal
Uncategorised
EUR 490.2 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 339.3 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Jindal Steel & Power India profile

mining - coal | mining - non coal
Debt – corporate loan
EUR 0.7 million
2010 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

L-3 Communications United States profile

arms industry and trade
Uncategorised
Info on Bank of America's role in L-3 Communications can be found here:
source: link

National Thermal Power Corporation (NTPC) India profile

energy plants - coal | energy plants - hydro | energy plants - renewables | manufacturing | mining - coal
Debt – corporate loan
EUR 3.4 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
source: Euroweek - Issue: 972; Asian Development Bank, Manilla, 25 October 2006; Thomson ONE database.

Rio Tinto Australia profile

mining - coal | mining - non coal | nuclear industry
Debt – corporate loan
EUR 20.1 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014
Uncategorised
Principal manager.
source: Website Rio Tinto (www.riotinto.com).
Bond issue – underwriter
EUR 1.6 million
source: Rio Tinto Finance USA, Melbourne, 12 June 2003; Euroweek - Issue 807.

Royal Dutch Shell Netherlands profile

oil and gas
Uncategorised
USD 3,042 million
2009 - 2013
shares/bonds underwriter or manager - bonds underwritten
source: Profundo

Shenhua Group China profile

energy plants - coal | mining - coal
Uncategorised
EUR 551.8 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014

SUEK Russian Federation profile

mining - coal
Debt – corporate loan
EUR 135.6 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan

Textron United States profile

arms industry and trade
Uncategorised
Info on Bank of America's role in Textron can be found here:
source: link

Trafigura Singapore profile

commodities trading | oil and gas | transport and infrastructure
Debt – corporate loan
USD 493 million
2012 - 2016
Total revolving credit between 2012 and October 2016
source: Thomson Reuters Eikon, accessed by Profundo, October 2016
Bond issue – underwriter
USD 149 million
2012 - 2016
Total bonds underwritten between 2012 and October 2016
source: Thomson Reuters Eikon, accessed by Profundo, October 2016

Vattenfall Sweden profile

energy plants - coal | energy plants - nuclear | energy plants - renewables | mining - coal | mining - non coal | nuclear industry
Uncategorised
EUR 106.1 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 117.8 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Veolia Environment France profile

transport and infrastructure | water utilities
Equity – share owner/manager
Holds 241,248 shares valued at $6,118,000

Vitol Switzerland profile

commodities trading | oil and gas | transport and infrastructure
Debt – corporate loan
USD 61 million
2012 - 2016
Total corporate loan between 2012 and October 2016
source: Thomson Reuters Eikon, accessed by Profundo, October 2016
Debt – corporate loan
USD 670 million
2012 - 2016
Total revolving credit between 2012 and October 2016
source: Thomson Reuters Eikon, accessed by Profundo, October 2016

Dodgy Deals map

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Type:
Year:
blog
external news
our news

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen | BankTrack
blog
external news
our news

US banks pledged to fund renewable energy, but they still spend way more on fossil fuels

2019-03-28 | Mother Jones
blog
external news
our news

RWE plans destruction of ancient German forest

Top bankers of Europe's biggest CO2 emitter revealed in Fossil Fuel Finance Report Card 2019
2019-03-21 | Greig Aitken – BankTrack
blog
external news
our news

Banking on Climate Change – Fossil Fuel Finance Report Card 2019

World's top banks have poured $1.9 trillion into fossil fuel financing since the Paris Agreement was adopted, with financing on the rise each year
2019-03-20 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
blog
external news
our news

Global Banks, Led by JPMorgan Chase, Invested $1.9 Trillion in Fossil Fuels Since Paris Climate Pact

2019-03-20 | Desmogblog.com
blog
external news
our news

Every two weeks a bank, insurer or lender announces new coal restrictions

Major financial institutions restricting coal funding tops 100
2019-02-27 | IEEFA
blog
external news
our news

Six Billion Reasons to Go After the Banks

The case for legal action against the big banks that created and profited from Puerto Rico’s debt crisis
2019-02-20 | Public Accountability Initiative
blog
external news
our news

Banks massively financing fossil fuels unclear about future of ... fossil fuels

Few banks acknowledge relation between fossil fuels and climate breakdown
2018-12-20 | Nijmegen | Claire Hamlett – BankTrack
blog
external news
our news

Gwich’in Leaders travel to New York to tell banks: Defend the Arctic Refuge

2018-10-29 | Bernadette Demientieff
blog
external news
our news

Alaska Natives Call on Banks to Protect the Arctic National Wildlife Refuge From Drilling

2018-10-26 | Earther
blog
external news
our news

New coal report finds troubling loopholes in existing bank policies

Analysis shows broad compliance with credit exposure reduction commitments – but six biggest US banks still increased coal financing In 2017
2018-08-16 | Rainforest Action Network
blog
external news
our news

USA: Govt. contractors accused of profiting from separation & detention of migrant & asylum seeking families

2018-07-25 | Business-humanrights.org
blog
external news
our news

U.S. court order stops some work on Mountain Valley natural gas pipeline in West Virginia

2018-06-25 | Reuters
blog
external news
our news

Big Banks Face Fossil Fuel Resistance at Annual Meetings

Guest blog by Ben Cushing, Campaign Representative Beyond Dirty Fuels
2018-06-07 | Ben Cushing, Sierra Club
blog
external news
our news

Indofood: the perfect microcosm of how the financial system is still part of the problem

2018-05-31 | RAN
blog
external news
our news

Think the big banks have abandoned coal? Think again

2018-05-28 | The New York Times
blog
external news
our news

Atlantic Coast Pipeline Opponents Rally Outside Bank of America Shareholder Meeting in Charlotte

Crowd calls on Bank of America to drop financing for fossil fuels
2018-04-25 | United States | Sierra Club
blog
external news
our news

Bank of America leads finance for Atlantic Coast Pipeline

The abuses, risks and climate pollution of the Atlantic Coast Pipeline have a clear set of financiers, led by the nation’s largest commercial bank, Bank of America.
2018-04-18 | Oil Change International
blog
external news
our news

Report finds major banks ramped up fossil fuel financing to $115 billion in 2017

Despite 2017 being the costliest year on record for weather disasters, new report reveals that banks increased extreme fossil fuel financing last year, led by a more than doubling in lending to tar sands companies and pipelines.
2018-03-28 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
blog
external news
our news

Big banks complicit in massive tar sands destruction and pollution through hundreds of billions in financing

2017-11-02 | Rainforest Action Network
blog
external news
our news

Indigenous Groups Lead Movement to Call on Banks to Drop Enbridge’s Controversial Line 3 Pipeline

Tribal Nations based in Minnesota oppose the project and the Minnesota Department of Commerce has condemned it
2017-09-21 | Minneapolis, MN | Honor the Earth, Rainforest Action Network
blog
external news
our news

Financiers of pulp and paper industry projects will cause environmental and social harm, says new report

2017-08-01 | Environmental Paper Network
blog
external news
our news

150,000 People Representing more than $4 Billion Call on Banks to Defund Tar Sands Pipelines

2017-06-28 | Washington, DC | Divestinvest, Mazaska Talks
blog
external news
our news

28 major banks warned not to finance Trans Mountain pipeline expansion

Over 20 Indigenous and environmental groups deliver urgent letter.
2017-06-09 | BankTrack, Rainforest Action Network, others
blog
external news
our news

Banks provide billions for Dirty Diesel traders while failing to act on human rights, says new briefing

- Oil traders Trafigura and Vitol received over $100 billion in loans since 2012
- Of 26 banks contacted, not one has pressured companies over toxic fuel exports to Africa
2017-05-23 | Nijmegen | BankTrack
blog
external news
our news

The Money Behind the Mountain Valley Pipeline: Is Your Bank Financing Another Fracked-Gas Disaster?

2017-05-18 | Oil Change International
blog
external news
our news

Indigenous leaders launch new campaign to defund all four proposed tar sands pipelines

2017-05-09 | Turtle Island | Mazaska Talks
blog
external news
our news

Energy Transfer: Which banks continue to support the company behind DAPL?

2017-04-06 | Alison Kirsch - Rainforest Action Network
blog
external news
our news

Who's bankrolling TransCanada?

Banking on TransCanada means banking on Keystone XL
2017-03-24 | Alison Kirsch - Rainforest Action Network
blog
external news
our news

Standard Chartered and other major banks financing palm oil

2017-03-16 | Energy Desk Greenpeace
blog
external news
our news

Rampal financing still in the balance as double standards mount

2016-12-21 | Greig Aitken – BankTrack
blog
external news
our news

Top US and UK banks urged not to help bankroll destructive Rampal coal plant in Bangladesh

2016-12-08 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

Financing of coal industry expansion by top banks undermining Paris Agreement

2016-11-14 | Marrakech, Morocco | BankTrack, Friends of the Earth France, Market Forces, Rainforest Action Network, urgewald
blog
external news
our news

Climate Week NYC Sponsored by Banks Financing Fossil Fuel Projects

2016-09-22 | TriplePundit
blog
external news
our news

Banks sponsoring ‘Climate Week NYC’ responsible for investing billions in extreme fossil fuels

Research shows Bank of America, JPMorgan Chase, and Bank of the West (BNP Paribas) continue to play major role in funding climate change activities
2016-09-19 | San Francisco | Rainforest Action Network
blog
external news
our news

New report finds banks betting on climate change

Seventh annual bank finance Report Card reveals major banks poured hundreds of billions into extreme fossil fuels
2016-06-14 | Nijmegen, San Francisco | BankTrack, Rainforest Action Network, Sierra Club and Oil Change International
blog
external news
our news

New BankTrack Human Rights Impact Briefing: Drummond and paramilitary violence in Colombia

2016-05-25 | Nijmegen | BankTrack
blog
external news
our news

Bank of America’s Coal Policy: A Bold Challenge to U.S. Banks on Climate

2015-07-21 | Rainforest Action Network
blog
external news
our news

Bank of America annonce une réduction de ses investissements dans le charbon

2015-05-12 | Novethic
blog
external news
our news

Bank of America dumps coal mining in sweeping new policy

Bank once labeled “Bank of Coal” announces broad commitment scaling down financial involvement in coal mining globally
2015-05-07 | Charlotte, North Carolina, United States | Rainforest Action Network
blog
external news
our news

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

2015-05-06 | Reuters
blog
external news
our news

Call for banks to divest from APRIL

Social conflict and environmental destruction are rife in its operations
2014-12-10 | Nijmegen | BankTrack, Environmental Paper Network
blog
external news
our news

Banks not yet living up to UN human rights principles, finds BankTrack

New research finds inadequate reporting on human rights impacts, and failure to establish mechanisms to allow complaints.
2014-12-02 | Geneva | BANKTRACK
blog
external news
our news

'Record year' for bank coal financing as latest UN climate warning looms

2014-10-29 | Nijmegen | BankTrack
blog
external news
our news

Coal is Poisoning the Cape Fear River

2014-05-29 | RAN blog
blog
external news
our news

“Your money is being used to fund violence and abuse of the rights of our people”

2014-05-18 | RAN
blog
external news
our news

“Stop financing the destruction of our mountains, our water and my community”

2014-05-14 | RAN
blog
external news
our news

Shareholders Press Bank of America for Coal and Climate Finance

Rainforest Action Network, Investors and Community Leaders Take Stage at ‘Bank of Coal’ Meeting
2014-05-08 | Charlotte, North Carolina, United States | Rainforest Action Network
blog
external news
our news

Did You Hear The One About The Bank That Couldn’t Count?

2014-05-07 | RAN
blog
external news
our news

CMPD prepared for large protest expected at BoA meeting

2014-05-06 | WSOC TV
blog
external news
our news

Report Finds Top Banks Moving Away From Coal: Citigroup and Barclays seen as laggards

Fifth annual coal finance report shows JPMorgan Chase and Wells Fargo end financing for mountaintop removal coal
2014-04-17 | San Francisco | Rainforest Action Network
blog
external news
our news

BankTrack calls for strengthening of Green Bond Principles

Combatting climate change needs real commitments instead of loose guidelines - Banks must urgently curb fossil fuel financing
2014-04-14 | Nijmegen | BankTrack
blog
external news
our news

Investor Summit: Bank of America puts our Climate at Risk

2014-01-29 | RAN, Banktrack
blog
external news
our news

Banking on Coal: New BankTrack Report Highlights Bank Complicity in Global Coal Mining Boom

2013-12-12 | RAN
blog
external news
our news

From Main Street to Wall Street, US banks and brands support illegal forest destruction for palm oil

International investigation names brands and investors behind commodity's boom
2013-11-21 | Washington / Jakarta | Friends of the Earth US
blog
external news
our news

Banks Move to Measure Their True Climate Impacts

2013-10-29 | RAN
blog
external news
our news

Heads Up, Big Banks: The Divestment Movement is Coming for You

2013-10-14 | RAN
blog
external news
our news

Divestors Take Their Fight to Big Banks

2013-10-10 | RAN
blog
external news
our news

Goldman and Deutsche back India Coal despite their environmental standards

2013-10-01 | The Guardian
blog
external news
our news

Coal India to Investors: What’s a Few Billion Tons of Coal Between Friends?

2013-09-24 | RAN blog
blog
external news
our news

Coal India to Investors: What’s a Few Billion Tons of Coal Between Friends?

2013-09-24 | RAN
blog
external news
our news

Regarding recent protests toward Bank of America on campus

2013-09-16 | Student Life
blog
external news
our news

Students protest Bank of America for funding coal mining

2013-09-16 | Student Life
blog
external news
our news

Is Bank of America really a corporate sustainability leader?

2013-09-16 | GreenBiz
blog
external news
our news

“Sustainable” badge for Bank of America stretches credibility of Dow Jones Sustainability Index

2013-09-13 | Nijmegen | BankTrack
blog
external news
our news

Ignoring Human Rights Abuses and Coal’s Uncertain Future, Big Banks Line Up for Piece of World’s Largest Coal Miner

2013-09-04 | Rainforest Action Network Blog
blog
external news
our news

Greenpeace and Rainforest Action Network call out Bank of America for major stake in Coal India deal

Human rights abuses and widespread deforestation overlooked while banking giant aids world’s largest coal mining company
2013-09-04 | San Francisco | Greenpeace and Rainforest Action Network
blog
external news
our news

Ignoring Human Rights Abuses and Coal’s Uncertain Future, Big Banks Line Up for Piece of World’s Largest Coal Miner

2013-09-04 | RAN
blog
external news
our news

India picks seven banks for 5 percent stake sale in Coal India: sources

2013-08-29 | Reuters
blog
external news
our news

Big banks warned to steer clear of Coal India share offer

2013-08-23 | India | Ashish Fernandes
blog
external news
our news

Bank of America’s New Corporate Social Responsibility Report Defends Business-as-Usual on Coal

2013-06-24 | RAN Understory blog
blog
external news
our news

Bank of America Meeting Dominated by Anti-Coal Activists

2013-05-09 | The Street
blog
external news
our news

Eye to Eye with Brian Moynihan

2013-05-08 | RAN
blog
external news
our news

Gearing Up for Bank of America’s Shareholder Meeting

2013-05-07 | RAN
blog
external news
our news

New Coal Finance Report Card Exposes Risk of Extreme Energy Investments

Banks pump $20 billion into coal despite U.S. coal industry decline and escalating climate impacts
2013-04-29 | San Francisco | Rainforest Action Network
blog
external news
our news

Extreme Investments: 2013 Coal Finance Report Card

2013-04-29 | RAN
blog
external news
our news

Need Not Twist Boston Arms to Pressure Bank of America

2013-03-29 | RAN
blog
external news
our news

Experts Urge Bank of America to Phase Out Coal Investments

Boston area economic, environmental and legal leaders advise BofA to shift financing away from coal based on climate and financial risks
2013-03-20 | Boston | Rainforest Action Network
blog
external news
our news

Bank of America’s Recruiters Not Welcome on Campus

2013-01-29 | RAN
blog
external news
our news

Hurricane Sandy Haunts CEOs at Economic Outlook Conference

2012-12-18 | RAN
blog
external news
our news

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
blog
external news
our news

Greenwash This: Dumping 500 lbs of Coal at Bank of America

2012-06-22 | RAN understory blog
blog
external news
our news

Bank of America: Strong on Rhetoric, Weak on Climate & Coal

2012-06-11 | RAN understory blog
blog
external news
our news

Protesters assail BofA mortgage practices

2012-05-09 | Charlotte, North Carolina, USA | Reuters
blog
external news
our news

Protesters, Shareholders Neutralized as Bank of America CEO Collects Millions

2012-05-09 | Charlotte, North Carolina, USA | The Nation
blog
external news
our news

Environmental groups rate banks based on support of coal

2012-05-01 | United States of America | The State journal
blog
external news
our news

US banks risk public health and climate by financing coal

RAN and sierra club detail the “filthy five” banks in third annual “coal Finance report rard”
2012-05-01 | San Francisco, USA | Rainforest Action Network
blog
external news
our news

Don’t bank on the bomb

2012-03-05 | Washington | ICAN
blog
external news
our news

Bankrolling Climate Change

NGOs present groundbreaking research on banks’ involvement in coal financing
2011-11-30 | Durban | urgewald, Earthlife, BankTrack and groundWork
blog
external news
our news

Eight arrested during protest at Bank of America headquarters

2011-11-15 | Charlotte NC | Rainforest Action Network
blog
external news
our news

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
blog
external news
our news

Time to Improve the Equator Principles, BankTrack Says

2011-10-24 | Washington | Social Funds
blog
external news
our news

BankTrack to Equator Principles banks; ‘get the Outside Job done’

Equator Principles update must lead to new Principles focused on people and planet
2011-10-23 | Washington | BankTrack
blog
external news
our news

Financiers search for sustainable future

2011-10-20 | Washington | Environmental Finance
blog
external news
our news

As occupy Wall Street gains momentum, an effort to close consumer accounts from Bank of America is launched

2011-10-10 | San Francisco | Rainforest Action Network
blog
external news
our news

Bank Of America, The Bank Of Coal

2011-07-28 | RAN blog
blog
external news
our news

Bank Of America’s Shirking Responsibility Statement

2011-07-21 | RAN blog
blog
external news
our news

Bank of America’s Climate Commitment Ignores the Big Picture

2011-05-18 | RAN blog
blog
external news
our news

New report card exposes largest financers of mountaintop removal coal mining

2011-04-05 | San Fransisco | Rainforest Action Network
blog
external news
our news

Son of Equatorial Guinea’s dictator plans one of world’s most expensive yachts

2011-02-28 | London | Global Witness
blog
external news
our news

New report finds bank Carbon Principles did not curb financing of coal

Rainforest Action Network report finds implementation of the Carbon Principles lacking
2011-01-21 | San Fransisco | Rainforest Action Network
blog
external news
our news

Banks grow wary of environmental risks

2010-08-31 | NY Times
blog
external news
our news

New rules for Equator Principles, but no new commitments from banks

New governance rules represent missed chance for Equator Principles to take bold steps forward on transparency and accountability
2010-07-01 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

New report card, largest financers of Mountaintop Removal coal mining

PNC, JPMorgan Chase and UBS receive failing grades
2010-05-13 | San Francisco | Rainforest Action Network
blog
external news
our news

BankTrack calls upon banks to Close the Gap on investment policies

New report evaluates quality of investment policies of 49 banks; more policies in place, overall quality below what is required
2010-04-27 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

Top financial institutions invest over US$43 billion in producers of cluster bombs

Activists call on governments and financial institutions to stop explosive investments
2010-04-14 | Geneva, Switzerland | Netwerk Vlaanderen/ IKV PaxChristi
blog
external news
our news

Equator Principles: Action, not words needed

BankTrack calls upon Citi, new chair of Equator Principles to take bold steps forward
2010-03-15 | Nijmegen, The Netherlands | BankTrack
blog
external news
our news

28 countries accused of facilitating money laundering … but key offenders missing

also banks that do business with corrupt regimes have been exposed in Global Witness research
2010-02-18 | London | Global Witness
blog
external news
our news

Senate shines welcome spotlight on U.S. facilitation of corruption

Private banks facilitate banking services for dictator son
2010-02-03 | Washington DC | Global Witness
blog
external news
our news

Civil society groups call for bold steps forward with Equator Principles

Major reforms needed on transparency, accountability, implementation and climate change
2010-01-14 | Nijmegen | BankTrack
blog
external news
our news

Secret documents reveal multi-million dollar shopping spree by African dictator’s son

US authorities fail to act on evidence of corruption
2009-11-17 | London | Global Witness
blog
external news
our news

Top financial institutions still invest US$20 billion in cluster bombs

Activists call on banks and pension funds to disinvest from banned weapon
2009-10-29 | London | Netwerk Vlaanderen
blog
external news
our news

Carbon Principles and Climate Principles will not stop melting of the ice

2009-03-30 | Bonn, Nijmegen | BankTrack
blog
external news
our news

Bank of America stops funding Mountain Top Removal

Victory for Appalachia and anti-coal movement
2008-12-04 | San Fransisco | Rainforest Action Network
blog
external news
our news

Protests at shareholders meetings of Citi, Bank of America and RBS

US and UK banks find BankTrack campaigners protest against financing climate change
2008-04-23 | New York, Edinburgh, Charlotte | Rainforest Action Network
blog
external news
our news

Thousands on Streets to Protest Citi and Bank of America’s Coal Investments

climate activists tell banks to stop funding coal plants and extraction
2007-11-16 | San Francisco | Rainforest Action Network
blog
external news
our news

Activists Drape 50-Foot Banner Across From Bank of America Headquarters

Call on Bank to Stop Funding Dirty Coal
2007-10-23 | Charlotte, North Carolina | Rainforest Action Network

Documents

| | | | | | | | | | | |
Type:
Year:
csr policies

Environmental and Social Policy Framework

2019-04-26 00:00:00 | Bank of America
our publications

Annual General Meeting Shareholder Briefing Bank of America

2019-04-25 00:00:00 | BankTrack
annual reports

Annual report 2018

2019-03-15 00:00:00 | Bank of America
correspondence

Letter from BankTrack and 120 organisations to Bank of America on Demands FBNT campaign

2018-10-16 00:00:00 | BankTrack and 120 organisations
ngo documents

Banking on coal mining

U.S. banks’ performance against their policies since 2015
2018-08-31 00:00:00 | Rainforest Action Network
csr policies

Modern slavery act statement

2018-06-30 00:00:00 | Bank of America
annual reports

Annual Report 2017

2018-03-04 00:00:00 | Bank of America
ngo documents

How banks contribute to human rights violations: responses to the Business & Human Rights Resource Centre

2018-02-28 00:00:00 | Business & Human Rights Resource Centre
csr policies

Anti-money laundering questionnaire

2018-02-02 00:00:00 | Bank of America
csr policies

Vendor code of conduct

2018-01-03 00:00:00 | Bank of America
ngo documents

The human cost of conflict palm oil - revisited

How PepsiCo, Banks and the Roundtable on Sustainable Palm Oil perpetuate Indofood's worker exploitation
2017-12-04 00:00:00 | RAN, OPPUK & International Labor Rights Forum
ngo documents

Major international banks continue to finance palm oil company Indofood despite evidence of systemic labor abuses

Forest & Finance Briefing
2017-11-30 00:00:00 | RAN, TuK Indonesia & Profundo
ngo documents

Problematic pipelines: Investor risk from bank financing of tar sands pipelines

2017-09-20 00:00:00 | Greenpeace
ngo documents

In the Red

An Assessment of Bank Policies for Financing Pulp and Paper
2017-08-01 00:00:00 | Environmental Paper Network
correspondence

Letter from RAN and 13 others to 14 banks that underwrote Kinder Morgan Canada IPO on warning to finance the IPO

2017-06-06 00:00:00 | Rainforest Action Network et al
annual reports

Annual Report 2016

2017-05-17 00:00:00 | Bank of America
annual reports

Environmental, Social and Governance Report 2016

2017-05-16 00:00:00 | Bank of America
ngo documents

Dirty Bankers

How HSBC is financing forest destruction for palm oil
2017-01-17 00:00:00 | Greenpeace
csr policies

Developing countries lending criteria

2016-12-31 00:00:00 | Bank of America
correspondence

Letter from 53 organisations to 5 banks on Exim India bonds

2016-12-08 00:00:00 | 53 organisations
csr policies

Environmental and Social Risk Policy Framework

2016-11-27 00:00:00 | Bank of America
csr policies

Paper Procurement Policy

2016-10-28 00:00:00 | Bank of America
csr policies

Position on Forest Certification

2016-10-28 00:00:00 | Bank of America
csr policies

Forests Practices Policy

2016-10-28 00:00:00 | Bank of America
our publications

Banking with Principles? Second Edition June 2016

Benchmarking Banks against the UN Guiding Principles on Business and Human Rights
2016-06-30 00:00:00 | BankTrack
our publications

Shorting the Climate

Fossil Fuel Finance Report Card 2016
2016-06-14 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club and Oil Change International
our publications

Green Paper, Red Lines

Requirements for pulp and paper industry finance
2016-06-02 00:00:00 | BankTrack, Environmental Paper Network
our publications

Human Rights Impact Briefing #2: Drummond and paramilitary violence in Colombia

2016-05-25 00:00:00 | BankTrack
annual reports

Annual Report 2015

2016-03-11 00:00:00 | Bank of America
bank documents

Financing for a sustainable future

Estimating the environmental benefits of Bank of America's Environmental Business Initiative
2015-12-09 00:00:00 | Ernst & Young
annual reports

Corporate Social Responsibility Report 2014

2015-09-23 00:00:00 | Bank of America
csr policies

Coal Policy

2015-05-06 00:00:00 | Bank of America
csr policies

Human Rights Statement

2014-12-31 00:00:00 | Bank of America
correspondence

Letter from EPN to Banks investing in April on APRIL

2014-12-10 00:00:00 | EPN
our publications

Banking with Principles?

Benchmarking Banks against the UN Guiding Principles on Business and Human Rights
2014-12-02 00:00:00 | BankTrack
annual reports

CSR 2013 Report

2014-05-01 00:00:00 | Bank of America
our publications

Coal Finance Report Card 2014

Extreme Investments; Extreme Consequences
2014-04-17 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
correspondence

Letter from BankTrack to signatory banks on Green Bond Principles

2014-04-09 00:00:00 | BankTrack
csr policies

Green Bond Principles 2014

Voluntary Process Guidelines for Issuing Green Bonds
2014-01-13 00:00:00
annual reports

Annual Report 2013 BoA

2014-01-01 00:00:00 | Bank of America
csr policies

Code of ethics

2013-12-31 00:00:00 | Bank of America
ngo documents

Coal India: Running on Empty?

2013-09-23 00:00:00 | Greenpeace India
our publications

Coal Finance Report Card 2013

Extreme investments - US Banks and the Coal Industry
2013-04-29 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
annual reports

Annual Report 2012

2013-03-28 00:00:00 | Bank of America
annual reports

2012 CSR Report

2013-01-24 00:00:00 | Bank of America
correspondence

Letter from BankTrack et al. to various financial institutions on APP

2012-11-06 00:00:00 | BankTrack et al.
ngo documents

Worldwide investments in Cluster munitions, a shared responsibility

2012-06-20 00:00:00 | IKV Pax Christi & FairFin
ngo documents

Worldwide Investments in Cluster Munitions - June 2012 update

A shared responsibility
2012-06-10 00:00:00 | FairFin and IKV Pax Christi
our publications

Coal Finance Report Card 2012

Dirty Money, U.S. Banks at the Bottom of the Class
2012-05-01 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
ngo documents

Bond and loan deals between Bank of America and publicly traded MTR companies

2012-01-19 00:00:00 | RAN
ngo documents

Bank of America: Risking Public Health and the Climate

2011-11-15 00:00:00 | Rainforest Action Network
other documents

Bank of America Cluster Munitions Investments

2011-05-25 00:00:00 | Netwerk Vlaanderen & IKV Pax Christi
our publications

Policy and Practice

2011 report card on banks and mountaintop removal
2011-04-05 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club
ngo documents

The Principle Matter - Banks, climate and the Carbon Principles

2011-01-21 00:00:00 | Rainforest Action Network
correspondence

Letter from BankTrack to EPFIs on issues around Equator Principles Review process

2010-12-18 00:00:00 | Banktrack
our publications

Policy and Practice, report card on banks and mountaintop removal

2010-05-13 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
our publications

Close the Gap

Benchmarking investment policies of international banks
2010-04-27 00:00:00 | BankTrack
correspondence

Mountaintop Removal request for information letter sent to Bank of America

2010-04-15 00:00:00 | RAN, Sierra Club, BankTrack
other documents

Bank of America cluster munitions investments

2010-04-01 00:00:00 | Netwerk Vlaanderen, IKV PAX Christi
ngo documents

The Secret Life of a Shopaholic: How an African dictator's playboy son went on a multi-million dollar shopping spree in the US

2009-11-17 00:00:00 | Global Witness
other documents

Bank of America cluster munitions financing

2009-10-01 00:00:00 | Netwerk Vlaanderen et. al.
ngo documents

Worldwide investments in CLUSTER MUNITIONS, a shared responsibility

2009-10-01 00:00:00 | Netwerk Vlaanderen, et. al.
csr policies

Climate policy principles

2009-04-16 00:00:00 | Bank of America
our publications

Meek Principles for a Tough Climate

Why the Climate and Carbon Principles will not stop the melting of the ice
2009-03-01 00:00:00 | BankTrack
ngo documents

Profiles of U.S. Banks

2008-01-11 00:00:00 | Ceres
ngo documents

The biggest cause of climate change: Coal-fired power plants

2007-10-24 00:00:00 | Rainforest Action Network (RAN)
other documents

BOA Research Report

2005-03-22 00:00:00 | EIRIS
other documents

Fact sheet on Bank of Amercia

2005-03-21 00:00:00 | EIRIS
other documents

BoA/CERES speech Defining Environmental Responsibility in the 21st Century

2003-12-31 00:00:00

Media











Links

Bank of America environment page

Including various descriptions of sustainability policies and practices
http://environment.bankofamerica.com/?cm_mmc=ENT-Funded-_-vanity-_-EF01VN0002_environment-_-NA

Bank of America Investor Relations

Including financial information and annual reports
http://investor.bankofamerica.com/phoenix.zhtml?c=71595&p=irol-irhome#fbid=luOdRccN7DM

Policies

Voluntary initiatives

Bank of America has committed itself to the following voluntary standards:

Investment policies

Bank of America's web page on corporate social responsibility can be accessed here.

Year:
csr policies

Environmental and Social Policy Framework

2019-04-26 00:00:00 | Bank of America
csr policies

Modern slavery act statement

2018-06-30 00:00:00 | Bank of America
csr policies

Anti-money laundering questionnaire

2018-02-02 00:00:00 | Bank of America
csr policies

Vendor code of conduct

2018-01-03 00:00:00 | Bank of America
csr policies

Developing countries lending criteria

2016-12-31 00:00:00 | Bank of America
csr policies

Environmental and Social Risk Policy Framework

2016-11-27 00:00:00 | Bank of America
csr policies

Paper Procurement Policy

2016-10-28 00:00:00 | Bank of America
csr policies

Position on Forest Certification

2016-10-28 00:00:00 | Bank of America
csr policies

Forests Practices Policy

2016-10-28 00:00:00 | Bank of America
csr policies

Coal Policy

2015-05-06 00:00:00 | Bank of America
csr policies

Human Rights Statement

2014-12-31 00:00:00 | Bank of America
csr policies

Green Bond Principles 2014

Voluntary Process Guidelines for Issuing Green Bonds
2014-01-13 00:00:00
csr policies

Code of ethics

2013-12-31 00:00:00 | Bank of America
csr policies

Climate policy principles

2009-04-16 00:00:00 | Bank of America

Campaigns

Bank of America and the Equator Principles

The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.

The Equator Principles exist already since 2003. Bank of America adopted the Equator Principles in 2004.

Reporting on the Equator Principles

Bank of America must report annually on its implementation of the Equator Principles. All information is supposed to be found here.

Dodgy Deals

Bank of America is involved in financing the following Equator Principles projects that BankTrack considers controversial.

Active

Trans Mountain Pipeline Expansion project (TMEP) Canada

oil and gas | transport and infrastructure

Human rights

True leader Front runner Follower Laggard
BankTrack has assessed Bank of America on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Bank of America is assessed as a Laggard, with a total score of 1/12.
Policy: 0.5/3Due dilligence: 0.5/3
Reporting: 0/3Remedy: 0/3
For more details, see Banking with Principles? 2016 update.

Equator Principles

Implementation and reporting

Bank of America is reporting on the implementation here.

Contact and complaints

Equator Principles Dodgy Deals

Projects

Active

Trans Mountain Pipeline Expansion project (TMEP) Canada

oil and gas | transport and infrastructure

Good moves

Year:

2015

Climate breakthrough as string of banks dump coal financing

In May, Bank of America and Crédit Agricole became the first major banks to announce plans to stop financing coal mining. These announcements marked a hugely significant win and a breakthrough moment in the fight to end financing for the coal industry. The second half of 2015, in the run-up to the…

2013

Coal India share issue collapses

Coal India Limited's attempt at a public share issue was successfully blocked in late 2013. The Indian government, the company's majority shareholder, hoped toraise USD 3 billion through the sale of 10% of its stake in the world's largest coal miner. Banktrack was part of a coalition of groups including Greenpeace, Rainforest…