Posted 4 years ago on Dec. 11, 2011, 11:14 a.m. EST by ZenDogTroll
from South Burlington, VT
This content is user submitted and not an official statement
The Occupy Movement is sponsoring a LetsGoSquidding campaign targeting Goldman Sux.
Some interesting information:
In November 2011, Goldman Sachs was listed as the number 11 top global financier of coal-fired power plants in a report complied by various environmental groups entitled, Bankrolling Climate Change: A Look into the Portfolios of the World's Largest Banks. The report noted that Goldman Sachs spent $5,392 million euros on coal plants around the world since 2005.
Goldman Sachs is a major financier of new coal plant construction. New coal-fired power plants being funded by the company include: [a list of some 36 projects]
Coal as a Key to Climate Change Coal-fired power plant emissions represent about a third of global warming gases, but coal’s role in global warming is especially significant because of the size of coal reserves. James Hansen, director of NASA’s Goddard Space Institute, has advocated a moratorium on new coal-fired power plants and a phaseout of the existing coal fleet. Hansen has said that ending emissions from coal “is 80% of the solution to the global warming crisis.”
And you can easily find out more about some of their investment misdeeds at SourceWatch