I was pleasantly surprised when I ran across this.

Great news:  One of the biggest banks in the land is saying NO to the baddest strip mining on earth — mountaintop removal coal mining.

This summer, after months of conversations, some top executives from Bank of America agreed to accompany NRDC staff on a fact-finding trip to Appalachia. In July we flew them over moonscaped mine sites in West Virginia, took them to Kayford Mountain for a closer look at mountaintop mining, and introduced them to several local residents/activists who are fighting to save their beloved homeland from reckless coal mining companies.

Bank of American new coal lending policy

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.

Read the rest at NRDC

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