By Luis Hestres
There's a been a an important and positive development on the coal front this week. Via the Natural Resources Defense Council's Switboard blog, we learn that Bank of America has decided to phase out financing of coal mining via mountaintop removal:
Why is this significant? Consider that Bank of America stands as a pillar of our country's shaky financial system. In fact, the trying economic crisis has only served to strengthen this behemoth bank while other once proud and stable institutions fall by the wayside. All the more reason to engage BoA in using its investment power and influence to affect positive environmental change.