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Two of the largest remaining financiers of mountaintop removal (MTR) coal mining have announced that they are taking a step in the right direction to end the devastating practice of blowing up mountaintops and poisoning drinking water for coal. Pennsylvania-based PNC and Swiss banking giant UBS have both announced policies that will limit their funding of MTR. PNC and UBS are following in the footsteps of six other banking giants–Bank of America, Citi, Morgan Stanley, JPMorgan Chase, Wells Fargo and Credit Suisse—that many of you helped push in the right direction on MTR financing over the last two years. Though this decision does not mean an immediate end to the financing of mountaintop mining, we are encouraged to see PNC and UBS take this step forward. Now let’s get ’em to go all the way! Join us in urging PNC and UBS to completely cut all financing of mountaintop mining companies. Once your signatures are in, we’ll deliver your demands to PNC headquarters in Pittsburgh, as well as UBS headquarters in both Connecticut and Zurich. Sign this petition today! Thanks for moving mountains in the banking world with us so that Appalachia’s mountains can stay right where they belong.
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