According to Bloomberg, Citi was the top underwriter for the coal industry in 2006, issuing twice as much money as its closest competitor. According to the Wall Street Journal, Citi "served as the largest arranger of corporate financing for the power and oil and natural-gas industries in 2006."

In 2006 Citi acted as lead underwriter for Drummond Company. Drummond is facing a lawsuit for its alleged role in hiring paramilitaries to assassinate coal miners who were attempting to unionize in Colombia.

In April 2007, Citi helped arrange a $2.5 billion loan to Florida Power & Light, which is building three coal plants in Florida, including a massive plant in the Everglades. Not only will this investment cook the climate, it will wreak havoc on a fragile, important ecosystem.

Despite making small steps to reduce its internal carbon footprint (e.g., the direct emissions from their offices), Citi needs to be accountable to the billions of dollars it invests in dirty energy. In order to bring about real solutions to global warming, Citi MUST set real goals for reducing the "financed emissions" from its investment portfolio.

Bank of America has financed dozens of new coal-fired power plants to the tune of billions of dollars. If these proposed plants are built, BofA will be helping finance hundreds of millions of tons of new C02 emissions every single year.

The bank's clients include some of the country's largest power and utility companies: AES, Dynegy, Florida Power and Light, Great Plains Energy, Idaho Power, Peabody Energy and many more.

Bank of America has invested billions of dollars in companies that practice Mountaintop Removal, including Massey Energy, Arch Coal, Alpha Natural Resources and others. These companies are responsible for the loss of millions of acres of Appalachian forests and mountains, and Bank of America is continuing to bankroll the destruction.

Peabody Energy is the largest coal mining company in the world. In 2006, Bank of America helped financed more than $4 billion of the company's controversial mining operations in the Black Mesa region of northeastern Arizona. For 40 years, Indigenous Navajo and Hopi communities in Arizona have been ravaged by the Black Mesa coal mine, which drains 2.5 million gallons daily from the only community water supply, has caused bitter land disputes between Peabody and the Indigenous communities of the region, and left a toxic legacy along a 273 mile coal slurry pipeline.