One of Wall Street’s dirtiest banks is cleaning up its act.
Email from SumofUs
PNC just announced it will not renew its $200 million dollar investment in mountaintop removal companies Alpha Natural Resources, Arch Coal, CONSOL Energy, or Patriot Coal -- effectively divesting from mountaintop removal.
This is a huge victory for our partners at Earth Quaker Action Team and the environmental movement -- and it was only made possible with your help.
Tens of thousands of SumOfUs members took action online and called PNC to speak out against the environmental destruction caused by mountaintop removal. And as a result PNC Bank has changed its tune.
Mountain top removal truly is one of the most horrific practices developed by the extraction industry in recent history. Extractors mow down forests, blast apart mountains and dump the waste into rivers and valleys -- directly contaminating the drinking supplies of local communities.
But because of continued action by our partners at Earth Quaker Action Team and SumOfUs members like you, PNC Bank has announced that it will effectively stop financing this grotesque practice. This is not just a huge triumph for both the environmental movement and local Appalachian communities, but also for people power. In the words of our partners at Earth Quaker Action Team, Since this shift happened because of external pressure, it should be a wake-up call for everyone that the power of change lies with regular citizen activists.
Certainly hope this is for real. Mountaintopping thoroughly disgusts me.