For Immediate Release
Deutsche Bank Changes Coal Financing Policy
SAN FRANCISCO, Calif. - Today, Deutsche Bank (DB) released a new corporate responsibility policy explaining that the bank has begun to phase out the provision of finance to companies that practice mountaintop removal (MTR) coal mining. The updated policy indicates that they will decrease financing for the most significant MTR producers, without transparency around the timeline for finance reduction.
Rainforest Action Network (RAN) is headquarted 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.