New UN Climate Report: Climate Change 2014: Impacts, Adaptation, and Vulnerability

IPCC vol 1

Yesterday the UN’s Intergovernmental Panel on Climate Change released its latest report that builds an ever more sobering case for drastically cutting greenhouse gas emissions and ascertaining how to survive on a warming planet. This latest, authoritative report, with 243 primary authors from 70 countries, discusses (yet again) the dire outcomes we can likely expect over time if we fail […]

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2014 Shareholder Season Sets Record!


The current proxy season has set a record with the filing of 417 social and environmental shareholder resolutions urging US companies to improve their policies and practices across a wide range of issues. The majority of resolutions this year focus on climate change issues and on corporate political spending. Other key issues being addressed at shareholder meetings nationally in the […]

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State Department on Keystone XL Pipeline: Contributes to Climate Change


Late in the day on Friday, January 31, 2014 the State Department released its Final Supplemental Environmental Impact Statement for the Keystone XL Project. The new report contains the important statement that “The total direct and indirect emissions associated with the proposed Project would contribute to cumulative global GHG emissions.” This is a crucial, over-due acknowledgement by the State Department and […]

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EPA’s Gina McCarthy to Speak at Good Jobs Green Jobs Conference

EPA Administrator Gina McCarthy

Green America is pleased to serve as a convening organization of the Good Jobs Green Jobs Conference to be held in Washington, DC, Feb. 10-11, 2014.  There will be more than 1,000 participants representing academia, labor, the environmental movement, sustainable business, community organizations, and more! Exciting news! We just learned that EPA Administrator Gina McCarthy will speak at the conference […]

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Finally – Debt Trap Payday Loans from Banks on the Way Out!

There’s good news for the longer term financial well-being of cash strapped individuals. Several major banks targeted by Green America and our allies – Wells Fargo, Regions Financial, US Bank and Fifth Third – are all phasing out short term loans that have had interest rates of up to 365%. These loans, known as “deposit advance loans” or more commonly as “payday loans” have trapped people in ongoing cycles of debt resulting in ever more borrowing. Last spring Green America wrote to the Office of the Comptroller of the Currency (OCC) and to the Federal Deposit Insurance Corp. (FDIC) calling attention to the problem of bank payday loans. This product is exploitative when offered by storefront payday lenders, and no less exploitative when offered by a bank. Green America was pleased that the Comptroller of the Currency Thomas Curry went on record saying: “We have significant concerns regarding the misuse of deposit advance products.” Similarly, when financial regulators issued new proposed guidance on bank payday loans, FDIC Chairman Martin J. Gruenberg stated that: “The proposed supervisory guidance released today reflects the serious risks that certain deposit advance products may pose to financial institutions and their customers.” Research from the Consumer Financial Protection Bureau found that more than 50% of bank payday loan borrowers took loans totaling at least $3,000 and of these borrowers, more than half paid off a loan only to take out another loan within just 12 days. […]

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Announcing: Companies for Safer Chemicals


There’s now new, positive momentum to control toxic chemicals! A group of the country’s leading consumer brands, including members of Green America’s Green Business Network, have announced the formation of a new coalition to urge Congress to modernize the nation’s out-of-date and ineffective chemical safety laws. The new coalition, Companies for Safer Chemicals, will make a business argument for strong […]

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What Do Your Credit Card Charges Support?

Cash or credit? In 2012, purchase volume in the United States from credit card companies Visa, MasterCard, American Express, and Discover totaled close to $2.1 trillion. Of these $2.1 trillion worth of transactions, cardholders’ issuing banks collect 1-3% in the form of an interchange fee. While 1-3% of the cost of a sandwich at Subway for lunch may seem negligible to you, consider all of the other people in the same restaurant using their credit cards, multiplied by the number of locations across the country, multiplied by the number of lunches each person purchases each year, and so on. If we crunch the numbers, we can deduce that credit-issuing megabanks collect between $20.5 billion and $61.4 billion each year on credit card transactions. The majority of that money goes to the 10 largest credit card issuing banks in the U.S. It’s difficult to believe that just a few institutions get to divvy up such large sums of money amongst themselves, especially when the individual charges to an everyday person’s credit card go largely unnoticed. As you might guess, those billions of dollars pay for high salaries and bonuses, and finance lending to fossil fuel polluters and other destructive industries around the globe. Let’s think for a minute about just how much money large banks amass from the collective totals of millions of miniscule charges, and how that money could be used to fund projects that could add real benefit to […]

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