GREEN
01/10/2009 05:12 am ET | Updated May 25, 2011

Bank Of America To Stop Financing Mountaintop Removal

One of the world's largest financial institutions said this week it will phase out lending money to coal operators that use mountaintop removal mining.

Charlotte-based Bank of America Corp. said it will stop financing companies that produce more than half of their coal from mountaintop removal.

"We feel the practice has a significant impact on the environment and on communities," said company spokesman Ernesto Anguilla.
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