Barclays and Citigroup Funded Worst of U.S. Coal Industry
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Barclays Plc and Citigroup Inc. were the top providers of funding for the most damaging practices of the U.S. coal industry last year.
Barclays provided the most financing for miners using a method called mountaintop removal and Citigroup provided the most for power companies that burn coal to produce electricity, Rainforest Action Network, BankTrack and the Sierra Club said today in their fifth annual coal finance report card.