Attire Change Helps Make Mining Case
by Melinda Tuhus | February 23, 2009 11:54 AM | Permalink | Comments (2)
The afternoon was blustery, with a wind chill that made exposed skin scream for warm fleece. For two hours a hearty band of young people hoisted posters and passed out flyers outside Citibank at the corner of Church and Chapel, decrying the bank’s involvement in mountaintop-removal mining.
Environmentalist and residents of Appalachia, where this practice is now widespread, have opposed this particular form of surface mining for years. The process involves huge machines literally bite off the tops of mountains to get at the coal seams underneath, dumping the resultant rock and debris in valleys below. The process redesigns the terrain, often burying streams. In December the Bush administration issued regulations allowing the practice to continue.
The protesters have been showing up regularly on Fridays to make their case.
Ethan Drozd (pictured), a student at Southern Connecticut State University, said protesters at first decided to wear business attire in an effort to be taken seriously by the customers. They wanted to communicate a message about getting banks to divest of their financial support for companies conducting mountaintop removal coal mining.
But “everybody just ignored us. We think it’s because they thought we were bank employees passing out more stuff,” he said. “So now we just wear the clothes we wear all the time, and people end up talking to us more, because they understand we don’t work for the bank. So wearing ties was actually an error.”
The national movement declared at least a partial victory in December when Bank of America released a statement that it “will phase out financing of companies whose predominant method of extracting coal is through mountain top removal.” Drozd said the situation with BoA is “complicated,” and it’s not clear-cut what exactly it will and won’t do in this regard.
Nevertheless his (unnamed) group decided to move on to Citi. They flyer reads, “Coal is a Monstro-citi.” It details the bank’s support for companies that have ripped up the land, buried streams, and created huge toxic waste sludge ponds. The other side of the flyer focuses on the complicity of coal in climate change. (Click here to read a brochure for the national campaign put out by Rainforest Action Network, with suggestions for action.)
Local bank officials said they were not allowed to comment on the protest. They referred questionsr to Liz Fogarty, Citi vice president for public affairs at the bank’s main office in New York City, who emailed this response:
“Citi, together with its clients, environmental organizations and other stakeholders, is taking a responsible and strong leadership position on climate change and is on record as supporting comprehensive efforts to move forward on the complicated issue of climate change; moreover, we have targeted $50 billion - more than any other institution — over the next 10 years for climate-positive efforts; we have committed to reducing the carbon emissions of our own operations by 10 percent by 2011 — including acquisitions; and we are investing in renewable energy and clean technology enterprises, and engaging with our clients on their carbon reduction efforts. Recently, Citi was recognized as a leading global bank by the Carbon Disclosure Project, a coalition of global investors with more than $41 trillion in assets.”
Drozd responded to the statement this way: “Corporations have a tendency to give rosy statements that lead everyone to believe things are getting better, [but] they omitted the main point of the campaign against them. I see no reason to trust them or any other bank. We’ll be out in front of Citibank on Friday and for the foreseeable future.”
Click here for a radio interview Melinda Tuhus conducted in 2007 with a leader of Coal River Mountain Watch. Click here for the transcription.
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Comments
Posted by: NATIONALIZED | February 23, 2009 4:12 PM
Once this bank is nationalized, can we as the owners just end this kind of practice.
Seriously, the wisdom of these bankers has meant that their net assets are virtually worthless. Within a couple of weeks Citi will be nationalized.
So these folks should figure out what that does to their organizing strategy. Don't have an answer but they should try to figure one out.
Posted by: Buisness as usual | February 27, 2009 4:46 PM
The public will be extremely lucky if we get any sort of democratic seat at the decision making table.
Besides, looking at what is mentioned on the national press, nationalization will be temporary.
In other words, we will basically be in the same boat as we are now. Where decision are made for the public by our political and economic "heroes" in their interests, not the publics.
Also important to mention is that Obama's appointed Sectretary of the Treasury is Timothy Geithner a founding member of Citi group in the early 90's.
So it doesn't look likely that the financial system will be opened up to the public to manage.
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