Skip to main content

Protesters Shut Down Washington Citibank Branch with Anti-Coal Message

From Life Cycle Analysis:
Bringing to a dramatic close the successful POWERSHIFT 2007 conference in Washington, D.C., hundreds of youth and community members converged on a downtown branch of the financial giant Citibank yesterday. In a unique "direct action," they dumped a half-ton of coal on the doorsteps of Citibank.

A delegation of coal-field residents and students went inside to denounce Citibank’s investments to their customers and employees. Out in the street, hundreds of youth began coughing violently, with a massive “die-in” surrounding the bank that shut down them down for the rest of the day.
Looks like it won't be the last.

Comments

And right next to it is an anti-nuclear poll.

I don't think I'd want to celebrate these people's victories in place of an independent capability to do the same things.
Eric McErlain said…
This comment has been removed by the author.
Eric McErlain said…
I'm not celebrating anything. What I am doing is passing along information that I think is relevant to our audience.
Anonymous said…
One item I find interesting is that they are no longer giving coal the free pass they did when I was in college.

Now they must do the numbers and see the real problem with trying to simultaneously eliminate carbon and nuclear. Renewables and efficiency may help, but they will not provide the entire solution.

But, of course, I am "preaching to the choir" on this...
Don Thieme said…
Thanks for the plug! I actually knew about this because some of my students went up to the Power Shift rally. None of my students were among the "dead," though.

Popular posts from this blog

Activists' Claims Distort Facts about Advanced Reactor Design

Below is from our rapid response team . Yesterday, regional anti-nuclear organizations asked federal nuclear energy regulators to launch an investigation into what it claims are “newly identified flaws” in Westinghouse’s advanced reactor design, the AP1000. During a teleconference releasing a report on the subject, participants urged the Nuclear Regulatory Commission to suspend license reviews of proposed AP1000 reactors. In its news release, even the groups making these allegations provide conflicting information on its findings. In one instance, the groups cite “dozens of corrosion holes” at reactor vessels and in another says that eight holes have been documented. In all cases, there is another containment mechanism that would provide a barrier to radiation release. Below, we examine why these claims are unwarranted and why the AP1000 design certification process should continue as designated by the NRC. Myth: In the AP1000 reactor design, the gap between the shield bu...

What Happens During a Refueling Outage?

You may have noticed over the past few weeks that a number of nuclear plants are shut down for refueling outages or are resuming operations after just returning from one. This type of routine outage usually occurs in the spring or fall when electricity demand is low so that nuclear reactors can replace about one-third of the spent fuel rods with new fuel and conduct other routine maintenance and repairs at the plant. To get a better sense of how refueling works at a nuclear energy facility, I spoke with Marcus Nichol, NEI’s senior project manager for used fuel storage and transportation, and asked him to explain the basics. Why does a nuclear plant need to replace one-third of its fuel? Nichol: The main purpose of a refueling outage is to replace older fuel that is depleted—meaning it can no longer efficiently produce energy from nuclear fission reactions—with new fuel. This “used fuel” has typically been used in the reactor for four-and-a-half to six years before it is pe...

Nuclear Utility Moves Up in Credit Ratings, Bank is "Comfortable with Nuclear Strategy"

Some positive signs that nuclear utilities can continue to receive positive ratings even while they finance new nuclear plants for the first time in decades: Wells Fargo upgrades SCANA to Outperform from Market Perform Wells analyst says, "YTD, SCG shares have underperformed the Regulated Electrics (total return +2% vs. +9%). Shares trade at 11.3X our 10E EPS, a modest discount to the peer group median of 11.8X. We view the valuation as attractive given a comparatively constructive regulatory environment and potential for above-average long-term EPS growth prospects ... Comfortable with Nuclear Strategy. SCG plans to participate in the development of two regulated nuclear units at a cost of $6.3B, raising legitimate concerns regarding financing and construction. We have carefully considered the risks and are comfortable with SCG’s strategy based on a highly constructive political & regulatory environment, manageable financing needs stretched out over 10 years, strong partners...