Yesterday, hundreds of folks attending the Midwest Rising! Convergence took to the streets of St. Louis to protest Bank of America and Peabody Coal. Fifteen community and climate activists were arrested.
The arrest action occurred in a downtown St. Louis intersection that connects Bank of America’s regional offices and Peabody’s world headquarters.
Peabody is the world’s largest coal company and mines states like Wyoming and Montana for coal bound for power plants in the U.S. and overseas markets. They are currently trying to build coal export terminals along the Washington coast to export coal to Asia.
Peabody has also recently taken a $61 million tax credit from the city of St. Louis. $2 million of that cash will be taken from St. Louis public schools.
Bank of America is the largest forecloser of homes in the nation and the largest financier of coal. Bank of America execs have taken over $35 million in bonuses and compensation even as the troubled financial institution took government bailouts.