Bank of America may be bending over backwards to paint itself green, but grassroots activists aren't letting the banking giant get away with it.
Scott Parkin's blog
A few years ago, I took some time to travel through Australia. While there I made friends with a number of Aussie climate activists and did a bit of organizing with them. They are beautiful people doing brilliant work.
Australian coal amounts to about 30% of the emissions coming from coal worldwide. They are selling it like crazy to East Asia. Australia is also deeply impacted by climate change (drought, rising sea levels etc).
Coal investors are taking some hits around the world.
Coal prices in the U.S., Europe and Australia fell 10% causing many investors to chose flight over fight. Falling coal prices wiped out about $25 billion from Australian resources stocks. The Dow Jones U.S. Coal Index tumbled 14%.