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Bank of America to Stop Investing in Mountaintop Removal

HeadlineDec 05, 2008

In environmental news, Bank of America has announced it will stop investing in mining companies specializing in the controversial practice of mountaintop removal. In recent years, Bank of America facilitated hundreds of millions of dollars in loans to companies like Massey Energy and Arch Coal that are involved in mountaintop removal coal mining. In a statement, the bank said it would change its policy in response to public pressure led by environmental groups.

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