Share this page

112,610 people have already pledged to help end mountaintop removal.
Add your voice!





Tell me more

Write to Congress
Watch America's Most Endangered Mountain Videos
What's My Connection?
Go Tell It on the Mountain
The High Cost of Coal
Please Donate

 
 
 

News

UBS Backs Away From Funding Mountaintop Removal

Thursday, August 14th, 2014

We’re happy to share an announcement from our friends at Hands Off Appalachia, who have been working hard on this campaign for three years. UBS, the world’s third top funder of mountaintop removal in 2011, has taken steps demonstrating its commitment to significantly reduce financing of the mining practice. Last month, the bank confirmed to environmental campaigners that it will continue backing away from mountaintop removal financing. Moreover, UBS has declined to participate in the most recent transactions with its former clients Alpha Natural Resources and Arch Coal, which were among the top producers of mountaintop removal coal in 2013.

“UBS’ statement is a step in the right direction on mountaintop removal, but it’s the bank’s actions that show they’re following through,” said Ricki Draper of Hands off Appalachia. “We have seen that grassroots organizing can make a difference in stopping the financing of this deadly form of mining that poisons coalfield communities and contributes to the destruction of Appalachia’s culture and heritage.”

Read the full release here.

Leave a Reply


Appalachian Voices  •  Coal River Mountain Watch  •   Heartwood  •  Keeper of the MountainsKentuckians for the Commonwealth 

Ohio Valley Environmental Coalition  •   Statewide Organizing for Community eMpowermentSierra Club Environmental Justice

Southern Appalachian Mountain Stewards  •   SouthWings  •  Stay Project  •   West Virginia Highlands Conservancy

Buy stickers, shirts, hats, and more...

Site produced by Appalachian Voices 171 Grand Blvd, Boone, NC 28607 ~ 1-877-APP-VOICE (277-8642) ~ ilm-webmaster@ilovemountains.org