Barclays ends financing of controversial mountaintop removal mining

Posted by Washington Post: Juliet Eilperin on April 7th, 2015
Guardian: Barclays has ended its financing of a controversial coal mining method known as mountaintop removal and said time is running out for the practice. The bank was the world’s biggest financier of mountain top removal (MTR) in 2013, when it loaned MTR companies $550m, according to one analysis. But in a policy document, released without publicity during March, Barclays reversed its position. Companies that engage in MTR coal mining will no longer receive support from the bank unless they commit......

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