Since the well-known recession of 2008, banks have looked at fossil fuel mining companies. Starting the trend, Wells Fargo have used round about ways in funding mining companies that use "
mountain top" mining techniques to reach coal.
"Blasting off mountaintops to reach coal in Appalachia or churning out millions of tons of carbon dioxide to extract oil from sand in Alberta are among environmentalists’ biggest industrial irritants. But they are also legal and lucrative." -Tom Zeller Jr., The New York Times
The minings companies lack money as well so funding from wealthy banks was always welcome. But that was 2008. Today, which many new Global Warming awareness campaigns and programs, this might lead to a very big conflict very soon. Not only are the banks reaping in money, they are doing so while trying to dodge risky questions about their contributions in increasing the carbon dioxide levels through these mining companies that can supply more coal, not to mention the malpractice of "blasting off mountaintops."
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