People who like mountains got some good news today: Bank of America has agreed to phase out the financing of companies that practice "mountain top removal" mining. Mountain top removal mining is just what it sounds like. Mining companies completely deforest a mountain top, blast the tops off of the..
People who like mountains got some good news today: Bank of America has agreed to phase out the financing of companies that practice "mountain top removal" mining.
Mountain top removal mining is just what it sounds like. Mining companies completely deforest a mountain top, blast the tops off of the mountains with explosives, and excavate the coal beneath. It's pretty environmentally devastating (surprise!).From Bank of America's statement:Bank of America is particularly concerned about surface mining conducted through mountain top removal in locations such as central Appalachia. We therefore will phase out financing of companies whose predominant method of extracting coal is through mountain top removal. While we acknowledge that surface mining is economically efficient and creates jobs, it can be conducted in a way that minimizes environmental impacts in certain geographies.Bank of America's concern was animated, probably, by some recent efforts by the Rainforest Action Network and the NRDC.(Photo from Wikimedia Commons)
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