Bank Vows Not to Disavow Financing of Coal Terminal
In response to NCIO's letter to Bank of Montreal’s ombudsperson Bindu Dhaliwal, the bank has responded. Sort of. Michael Torrance -- Chief Sustainability Officer and Associate General Counsel for the bank -- wrote to NCIO at length, but failed to substantively address any issue raised by NCIO's letters to Dhaliwal and to bank CEO Darryl White.
By acknowledging that “for confidentiality reasons we will not be discussing particular clients or transactions with third parties,” Mr. Torrance clearly implies that Bank ...
No Coal in Oakland emailed this letter to staff at the Bank of Montreal, which has positioned itself to raise funds needed to build a coal terminal in West Oakland. The coal terminal project is locally fronted by would-be coal developer Phil Tagami, and is sponsored by coal giant Bowie Resources. The letter is part of No Coal in Oakland's ongoing Stop the Coal Money Initiative, which aims to block the capital to finance the terminal by stigmatizing would-be financiers and warning pension funds about toxic coal projects.
This letter, addressed to the Bank of Montreal's ...
Despite widespread opposition to his proposed Oakland coal terminal, developer Phil Tagami continues to jockey for political influence. No Coal in Oakland is determined to render Tagami politically toxic until he makes a legally binding agreement not to ship coal through West Oakland.
NCIO is collecting pledges from politicians that they will not accept contributions from Tagami so long as he continues promoting coal. The pledge reads:
"I will not accept any support, financial or otherwise, to my campaign or my political fundraising efforts from Phil Tagami until he ...
No Coal in Oakland welcomes individuals and organizations to sign onto an Open Letter to the Bank of Montreal, which has mired itself in raising funds for the Bowie Resources sponsored effort to build a coal terminal in West Oakland, a project fronted by Oakland's coal developer Phil Tagami.
We're calling on the bank to "honor the Oakland City Council’s ordinance prohibiting storage and handling of coal anywhere in the city" and pledge to "refrain from advising on or arranging financing for the proposed terminal."
The open letter follows up our letter to the CEO of ...
A comment on Judge Chhabria’s decision
The long wait is over and, in the end, none of the theatrics staged by the high-priced lawyers for developer Phil Tagami and the Bowie coal company mattered at all.
These lawyers claimed that the City had already made up its mind to ban coal before doing any analysis of the facts. They claimed that the City Council members didn’t have time to read the three reports that provided evidentiary support for the City’s decision.
None of that mattered.
All Judge Chhabria looked at was whether the extensive evidence collected ...
Judge Vince Chhabria ruled this morning against the City of Oakland in the lawsuit brought by coal developer Phil Tagami. Below you will find the press release NCIO and APEN (Asian Pacific Environmental Network) issued yesterday afternoon.
No Coal in Oakland will be meeting with attorneys, public health experts, and political leaders to develop the next stage of our ongoing commitment to assure that a coal terminal is never constructed in West Oakland. We are exploring every available option. As our strategy develops, watch for more information on our website and in ...
Oakland activist and community leader Alicia Garza, cofounder of the Black Lives Matter movement, has announced that she will decline to accept an Innovator Award that was to be presented this week by coal developer Phil Tagami for the East Bay Innovation Academy.
Garza declined the award after members of Youth Vs Apocalypse drew her attention to the central role Tagami is playing in the attempt to ship coal through Oakland, threatening the lives and health of our community and degrading our environment. Youth Vs. Apocalypse is a community of Oakland activist youth who ...
Oaklanders attending an NCIO meeting for the first time joined longtime activists on Thursday evening April 19th at the West Side Missionary Baptist Church on Willow Avenue to share a meal, then discuss Oakland's ongoing effort to keep the West Gateway coal-free. No Coal in Oakland thanks our host for the evening, Rev. Ken Chambers, as well as the dozens of other clergy, journalists, attorneys, and neighbors who came to hear and discuss updates on the No Coal campaign, and to plan strategy and tactics as the struggle for Oakland's well-being continues.
Coal Lawsuit ...
Along with the West Oakland Environmental Indicators Project, 350.org, Rainforest Action Network, Friends of the Earth U.S., and Friends of the Earth Canada, No Coal in Oakland today launched a campaign seeking a pledge from Bank of Montreal to refrain from any further efforts to arrange financing for Bowie Resource Partners, Utah's largest coal producer, to build and operate a $250 million marine export terminal on the West Oakland waterfront.
Documents obtained through public documents requests revealed the bank's central role in putting together the deal that would ...
United States District Judge Vince Chhabria is close to a decision in the case seeking to overturn the City of Oakland’s ban on coal storage and handling.