After five years of action by Earth Quaker Action Team, PNC announced on March 1 a shift in its policy that will effectively cease its financing of mountaintop removal coal mining in Appalachia.

Together we have shifted the policy of the seventh largest U.S. bank! This marks a major turnaround for PNC, who for years refused to budge on this issue. After more than 125 actions, their desire to continue business as usual proved no match for EQAT and our allies.

As more and more banks stop financing mountaintop removal, we expect it to become increasingly difficult over the next few years for mountaintop removal coal companies to secure financing for their destructive operations.