

SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
To donate by check, phone, or other method, see our More Ways to Give page.


Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
Today, as world leaders gather in Durban to discuss solutions to global climate change, an international coalition of civil society and environmental organizations released a new study, "Bankrolling Climate Change," highlighting the top 20 banks that finance the coal industry. The study examines commercial banks' lending for the coal industry and provides the first comprehensive climate ranking for financial institutions. The study finds JPMorgan Chase, Citi and Bank of America to be the top three banks in the world financing climate change.
Today, as world leaders gather in Durban to discuss solutions to global climate change, an international coalition of civil society and environmental organizations released a new study, "Bankrolling Climate Change," highlighting the top 20 banks that finance the coal industry. The study examines commercial banks' lending for the coal industry and provides the first comprehensive climate ranking for financial institutions. The study finds JPMorgan Chase, Citi and Bank of America to be the top three banks in the world financing climate change.
A full copy of the study with a ranking of all the researched banks can be downloaded at www.banktrack.org.
The report comes from German environment organization urgewald, the South African social and environmental justice organizations groundWork and Earthlife Africa Johannesburg and the international network BankTrack.
The organizations examined the portfolios of 93 of the world's leading banks and looked into their support for 31 major coal-mining companies (representing 44 percent of global coal production) and 40 producers of coal-fired electricity (which together own over 50 percent of global coal-fired generation capacity). The total value of coal financing provided by these banks since 2005 (the year the Kyoto Protocol came into force) amounts to 232 billion Euro (US $309 billion).
"We chose to look into coal financing as coal-fired power plants are the biggest source of man-made CO2 emissions and the major culprit in the drama of climate change," explains Heffa Schuecking of urgewald. "In spite of the fact that climate change is already having severe impacts on the most vulnerable societies, there is an abundance of plans to build new coal-fired power plants. If banks provide money for these projects, they will wreck all attempts to limit global warming to 2deg Celsius," says Schuecking.
The study identifies the top twenty "climate killers" in the banking world. Among the top twenty are banks from the United States, the United Kingdom, Germany, France, Switzerland, China, Italy and Japan. The top three banks fuelling climate change worldwide are JP Morgan Chase (US $22 billion), Citi (US $18.27 billion) and Bank of America (US $16.79 billion). In the past two years, BoA invested $4.3 billion in the U.S. coal industry, making them the top financer of coal in America.
"Providing underwriting for coal companies is risky business from a regulatory, financial and reputational perspective. Coal is a dirty, dangerous and increasingly outdated energy source," said Amanda Starbuck, director of the Energy and Finance program at Rainforest Action Network. "As the lead financier of the coal industry, JPMorgan, Citi and Bank of America short-term, reckless financing strategies are jeopardizing the health of our environment and our climate." RAN contributed research to the report and works with the international BankTrack alliance.
Coal-fired power plants are not cheap to build. Typically, a 600 Megawatt plant will cost around US $2 billion. Power producers therefore rely heavily on banks to provide and mobilize the necessary capital for coal plants. "Our figures clearly show that coal financing is on the rise," notes Tristen Taylor of Earthlife Africa Johannesburg. "Between 2005 and 2010, coal financing almost doubled. If we don't take Banks to task now, coal financing will continue to grow," he warns.
The study looks into the statements of the top climate killer banks and also examines their existing climate policies. "Interestingly, almost all of the top twenty climate killer banks in our ranking have made far-reaching statements regarding their commitment to combating climate change," explains Yann Louvel of BankTrack. "However, the numbers show that their money is not where their mouth is." He also notes that the policies many banks have adopted and the voluntary initiatives they have signed on to like the "Carbon Principles" or the "Climate Principles" have failed to make any difference in banks' portfolios.
"Our study names and shames the banks that are destabilising our climate system," says Bobby Peek from groundWork. "Plans for new coal fired power plants and coal mines are meeting with fierce resistance all over the world and we are going to begin turning that heat on the banks", explains Peek. The study calls on banks to become responsible climate actors and to quit coal. According to the NGOs, banks need to shift their portfolios to renewables and energy efficiency and set and implement ambitious CO2 reduction goals for their financed emissions.
For further information or interviews, contact:
Kerul Dyer, kdyer@ran.org, Tel:(01)-707-834-3358
Heffa Schucking, heffa@urgewald.de, Tel: (49)-160-96761436
Yann Louvel, yann@banktrack.org, Tel: (33)-688-907868
Bobby Peek, bobby@groundwork.org.za, Tel: (27)-82-4641383
Tristen Taylor, tristen@earthlife.org.za, Tel: (27)-84-2502434
Rainforest Action Network (RAN) is headquartered in San Francisco, California with offices staff in Tokyo, Japan, and Edmonton, Canada, plus thousands of volunteer scientists, teachers, parents, students and other concerned citizens around the world. We believe that a sustainable world can be created in our lifetime and that aggressive action must be taken immediately to leave a safe and secure world for our children.
"May we honor him not only in sorrow, but in how bravely we continue with open hearts, steady steps, and the music leading us home," said the iconic musician's daughter. "Hang it up and see what tomorrow brings."
Bob Weir, one of the founding members of the Grateful Dead, has died after a storied career as guitarist and singer for one of the most iconic American rock bands of the last century.
"It is with profound sadness that we share the passing of Bobby Weir," read a message from Weir's daughter, Chloe Weir, posted to social media on Saturday evening. "We send him off the way he sent so many of us on our way: with a farewell that isn’t an ending, but a blessing. A reward for a life worth livin'."
Weir—along with Jerry Garcia, Phil Lesh, Ron "Pigpen" McKernan, and Bill Kreutzmann—formed the Grateful Dead in the Bay Area of California in 1965. Weir was only a teenager at the time, the youngest member of the band.
With the addition of Mickey Hart shortly after, and many others over the years, the band has toured the country in a variety of iterations ever since.
In a longer post about her father's passing, Chloe Weir wrote:
He transitioned peacefully, surrounded by loved ones, after courageously beating cancer as only Bobby could. Unfortunately, he succumbed to underlying lung issues.
For over sixty years, Bobby took to the road. A guitarist, vocalist, storyteller, and founding member of the Grateful Dead. Bobby will forever be a guiding force whose unique artistry reshaped American music. His work did more than fill rooms with music; it was warm sunlight that filled the soul, building a community, a language, and a feeling of family that generations of fans carry with them. Every chord he played, every word he sang was an integral part of the stories he wove. There was an invitation: to feel, to question, to wander, and to belong.
Bobby’s final months reflected the same spirit that defined his life. Diagnosed in July, he began treatment only weeks before returning to his hometown stage for a three-night celebration of 60 years of music at Golden Gate Park. Those performances, emotional, soulful, and full of light, were not farewells, but gifts. Another act of resilience. An artist choosing, even then, to keep going by his own design. As we remember Bobby, it’s hard not to feel the echo of the way he lived. A man driftin’ and dreamin’, never worrying if the road would lead him home. A child of countless trees. A child of boundless seas.
There is no final curtain here, not really. Only the sense of someone setting off again. He often spoke of a three-hundred-year legacy, determined to ensure the songbook would endure long after him. May that dream live on through future generations of Dead Heads. And so we send him off the way he sent so many of us on our way: with a farewell that isn’t an ending, but a blessing. A reward for a life worth livin’.
His loving family, Natascha, Monet, and Chloe, request privacy during this difficult time and offer their gratitude for the outpouring of love, support, and remembrance. May we honor him not only in sorrow, but in how bravely we continue with open hearts, steady steps, and the music leading us home. Hang it up and see what tomorrow brings.
Across the world, as the news spread, people impacted by Weir's artisrtry, social activism, and the music he produced with the Dead and other bands—including Kingfish, RatDog, and various other adventures—shared their love, celebrated his life, and expressed their grief over his passing.
"I’m writing this with tears streaming down my face," wrote music journalist Vic Vela. "I sang Bobby’s songs on road trips, in the shower, while house cleaning, and, of course, at Dead shows. He provided the soundtrack of my life and his music was there for me through good times and bad. The Grateful Dead are my Everything and you started it all, Bobby. Go be with your brothers now, sir. Go be with Jerry and Phil and Pigpen— Heaven’s Heart of Gold Band. Fare thee well, Bobby We love you."
- YouTube youtu.be
"So incredibly saddened by the passing of Bob Weir," said Kyle Hollingsworth, keyboardist for the String Cheese Incident, one of the countless rock bands over the decades heavily influenced by the innovative and improvisational style of music created by the Grateful Dead. "I spent many of my formative years dancing and watching from the audience. What a blessing to have had a moment with him. May his love light shine on. Rest in peace, Bobby."
"The dancing bears are still," declared Martha Quinn, a former VJ on MTV. "Founding Grateful Dead member Bob Weir passed away. He & the Dead were in a class unto themselves, fans saw them 100x times. Deadheads became a global family. May Bob be jamming with Jerry & Phil. They will survive, in our hearts and minds. My condolences to his loved ones, who number many."
"Not to get political, but it's a real indication of how flawed our healthcare system is," says the candidate for US Senate in Maine who supports Medicare for All.
Graham Platner and his wife, Amy Gertner, announced on Saturday that they are "leaving for a little while" in order to receive in vitro fertilization (IVF) treatments in the social democratic country of Norway, the necessity of which the Democratic Mainer running to unseat Republican Senator Susan Collins this year is a direct indictment of a "flawed" US healthcare system.
Platner, running against Maine Gov. Janet Mills and other candidates in a primary race to win the chance to challenge Collins, explains in a video how his and Amy's effort to get pregnant with their first child has corresponded with—but also predates—his Senate bid.
"Amy and I's life has taken an incredible turn," says Platner, filmed sitting with his wife in their home in Maine, as the video begins.
"We have been all over the state of Maine, from Ogunquit to Madawasca, from Rumford to Callis, holding well over 30 town halls" over recent months, he explains. "But in the background, we've also been trying to do something else, something we've been trying to do for a couple of years, and that has been to start a family."
"One round here in the States is $25,000. One round in Norway is $5,500 bucks. Even when you add on plane tickets, it's incomparable." —Graham Platner, candidate for US Senate
Watch:
Due to 'Astronomical' Cost in US, @grahamformaine and Wife, Amy Platner, Heading to Norway for Affordable IVF Treatment | "Not to get political, but it's a real indication of how flawed our healthcare system is," says US Senate candidate who supports Medicare for All. pic.twitter.com/036d4dig3I
— Common Dreams (@commondreams) January 10, 2026
Throughout his campaign for Senate, Platner, a military veteran who has benefited from the VA health system, has consistently called out the social injustice and economic backwardness of the nation's dominant for-profit healthcare system. Backing Medicare for All, Platner has said a single-payer system—with no co-pays, profit motives from giant insurers, and free medical care at point of service—is "the answer," a profoundly better way to manage the health needs of Americans, especially working people.
"I don't think we should live in a system where only the wealthy can afford healthcare," Platner said at a campaign event last year.
In December, just before the New Year, he said, "I will fight for Medicare for All in the Senate. Until we win it, I’ll back every bill that expands Medicare and Medicaid, cuts prescription drug costs, and puts the healthcare needs of the working class first."
In Saturday's announcement about their infertility journey and where it's headed next, the couple explain that they first looked at the VA to see if that would be a viable pathway to make the IVF process—which can cost $25,000 per round of treatment—more affordable.
Unfortunately, they found out, as Amy explains, that because "the infertility was something that was part of my body" and less so of Graham's, the VA system would not cover the treatments.
"We're going to have to have a conversation in the Senate, by the way," Graham said of that dynamic. "It takes two people. If you wanna have a kid, it's not a one-person job."

But while the VA's denial may have been the "end of the road," feared Amy, her doctor told her about other patients who have sought treatment abroad, where IVF treatments can be a fraction of the cost—a familiar pattern when it comes to what people in other countries pay for care, treatments, and prescription drugs compared to the United States.
Given Amy's assertion that she wanted to have a baby of her own "ever since I knew that it was something the female body was capable of doing," the idea of going to Norway arrived as a lifeline.
"To watch the woman that I love, who I want to start a family with, go through this experience of infertility," says Graham in the video. "I can see how it impacts her. I have so much respect and so much ... I'm so impressed at how you've been able to handle it."
Ultimately, it was the affordability dynamic, they explain, that led them to take the idea of going abroad seriously.
"One round here in the States is $25,000. One round in Norway is 5,500 bucks," Graham explains. "Even when you add on plane tickets, it's incomparable."
"Not to get political," he continues, "but it's a real indication of how flawed our healthcare system is. For us, the Senate campaign is a way of making sure that other people do not have to go through the exact same things that we've been through, where we can help build power in order to go get things that working people in this country need, like a universal healthcare system that provides fertility support."
Graham and Amy first spoke about their trip with local journalist Jesse Ellison with the Midcoast Villager for a story published on Thursday. In their conversation with the local paper, they both spoke of how the deeply personal struggle of trying to get pregnant is not at all divorced from the very real reasons that they both decided to back Graham's run for Senate.
From Ellison's reporting:
“It’s less about the VA and more about the fact that IVF is unaffordable for regular working-class people in this country,” Platner told me. “The concept of insurance companies not covering infertility treatment is why we need universal health care. Our story of infertility is just another example among many stories, we know we aren’t the only people struggling with this.” And so the two of them decided to talk about this choice publicly, too. Because if flying to Norway, spending two weeks in an Airbnb, and paying out-of-pocket for health care makes more financial sense than getting care here in America, well, that says something in and of itself.
For her part, Amys says, "I really wanted to share the story with any of you who have experienced infertility. I don't know if I have all of the answers or if sharing this story makes you feel like you're part of a community of infertility, but I hope that this can offer you some hope."
"There is no other justifiable way to describe what is taking place in Minneapolis at this moment," said the Minnesota Democrat.
Amidst national outrage this week over the killing by Minneapolis resident Renee Nicole Good by a federal agent, members of Minnesota's congressional delegation on Saturday were blocked from full access to a federal immigration detention center in the city—but at least one lawmaker among them warns something much more sinister is now taking place in the state.
"I was just denied access to the ICE processing center at the Whipple Building," Rep. Ilhan Omar (D-Minn.), who represents the state's 5th District. "Members of Congress have a legal right and constitutional responsibility to conduct oversight where people are being detained. The public deserves to know what is taking place in ICE facilities."
Omar shared a video of herself, along with Reps. Angie Craig and Kelly Morrison, outside the facility as large numbers of masked federal agents in protective gear blocked the driveway entrance.
Happening NOW: US Reps Ilhan Omar and Angie Craig are attempting to enter Whipple Fed Building- met with federal agents on other side. @wcco pic.twitter.com/3eIWxiLaW7
— Adam Duxter (@AdamDuxter) January 10, 2026
In a telephone interview with MSNOW, Omar later explained that she and her colleagues arrived at the facility Saturday morning in order to conduct oversight activities. While Omar said they were initially allowed to enter the building, they were shortly after told they "had to wait until higher-ups were able to come speak with us."
It seemed to Omar, she said, that the order to halt their visit "maybe came from Washington to deny us the proper access that we needed to complete those oversight duties that we are obligated as members of Congress."
Calling it a clear violation of their oversight authority, Omar and Craig explained to reporters what happened after they were denied further access to the facility:
"This is beyond the pale." Democratic Congresswomen Rep. Ilhan Omar and Rep. Annie Craig had their access to a federal detention facility revoked while touring the building. pic.twitter.com/KthvotCREX
— USA TODAY (@USATODAY) January 10, 2026
Congresswoman Craig also spoke to MSNOW's Ali Velshi:
Rep. Angie Craig: "We were told because this facility is being funding by the 'Big Beautiful Bill,' not the congressional appropriations act, that we would not be allowed to enter the facility. That's complete nonsense ... I informed them they were violating the law. They said… pic.twitter.com/vCOqgldB2Q
— Aaron Rupar (@atrupar) January 10, 2026
Noting the size and scale of the presence of armed federal agents now deployed in her state, Omar suggested in her interview with MSNOW that the recent Immigration and Custom Enforcement (ICE) operations being conducted serve no purpose other than to harass and terrorize local communities. That militarized presence has only grown since Trump ordered more agents to the city following Wednesday's killing of Good and the protests that have erupted as a result.
" Protest is as American as apple pie," said Omar. "People come out to register their opposition to what they do not like or want to accept. It is important for people to be able to do that in a democracy."
"What we are seeing right now, not only from the surge of 2,000 federal agents—now we have another 1,000 apparently coming in—it is essentially trying to create this kind of environment where people feel intimidated, threatened, and terrorized. And I think the ultimate goal of [Homeland Security Security Secretary] Kristi Noem and President Trump is to agitate people enough where they are able to invoke the Insurrection Act to declare martial law."
"There is," she continued, "no other justifiable way to describe what is taking place in Minneapolis at this moment. There is no justifiable reason why this number of agents is here in our state."