Thursday, December 04, 2008

The times, they are a' changing…

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.

The link is to a .pdf file. The emphasis is mine.

That's about as impressive a display of corporate citizenship as I can recall since, well, as I can recall at all, I suppose.

Nice to see a company that understands that its shareholders gain nothing from a poisoned planet.

Hat tip to rperks.

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