Tuesday, August 31, 2010

Hey. Stop Muddying Up The Water.

Wanna hear some good news for a change? Some major banks are taking a harder look at operations that are harmful to our environment. Operations like mountaintop removal mining for coal. Never heard of that? Well it's a practice where they blow up the top of a mountain and then dump it into the valleys around it, clogging up the streams and destroying all the land, so they can more easily get at the coal seams. Once they strip off the coal, they blast some more so they can get at the next seam and on and on. So what's the big deal? Well for one thing, the pollution that seeps into the streams that're left goes directly into the rivers that provide drinking water for those who live downstream. Anyway, back to the banks. They're beginning to feel pressure from environmental groups and the government in the form of lawsuits and publicity and costly environmental regulations. So they're beginning to back away from these questionable practices and the companies who use them. That's good. And while those companies claim they're still able to easily get their financing, it's not as easy. It's another problem for them. Another reason why they should stop the practices that are harmful, or find a less harmful way to do it. Think they'll get the message? I dunno. Money is a strong draw. That's why banks are so important. After all, banks do owe taxpayers something, right?

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