FOR IMMEDIATE RELEASE
Contact: Mathew Louis-Rosenberg
Protesters Hold UBS Accountable for Funding Mountaintop Removal in Series
Stamford, CT – Early this morning, three activists hung a huge banner reading “UBS. Stop Funding Mountaintop Removal” off of a crane constructing the 66 Summers St building in downtown Stamford. Later in the day two activists entered the UBS headquarters in Stamford, locking themselves to a bannister and hanging a banner reading “UBS. Divest from Mountaintop Removal”, while others locked themselves to the outside doors of the building. The protests are a part of the Hands Off Appalachia, a sustained campaign to get UBS to end all financing of companies conducting mountaintop removal coal mining in Appalachia.
“Over the last two years, I have visited UBS’s offices over 30 times pleading with them to stop the destruction of Appalachian communities. Today, I’m not asking anymore. I’m demanding an end to UBS’s financing of mountaintop removal.” said Ricki Draper of Knoxville, TN who is locked inside the UBS headquarters.
Mountaintop removal is an extreme form of strip-mining in which coal companies blast up to a thousand feet off the top of a mountain to extract thin seams of coal. The resulting rubble is often placed in the valley below burying headwater streams. Over 1 million acres of forest in Central Appalachia have been destroyed and over 2,000 miles of streams have been buried by this practice. Recent research has linked mountaintop removal to increased rates of cancer, birth defects and cardiovascular disease in communities near these mining operations. UBS is a top funder of companies that conduct mountaintop removal such as Alpha Natural Resources, Patriot Coal, and Arch Coal. On Friday, organizers with Hands Off Appalachia met with UBS executives at their office in Stamford to discuss UBS’s existing policy on mountaintop removal.
“[At the meeting] I was ‘reassured’ [by UBS executives] that UBS’s policy on mountaintop removal was sufficient enough to protect my people. I wholeheartedly disagree. The reality is that their ‘policy’ is nothing more than an excuse to remove themselves from the truth that as UBS profits, my people suffer,” said Adam Hall of Glen Daniel, W.Va. who blocked the entrance to UBS’s headquarters today.
UBS’s existing policy claims to “recognize the potential environmental, social, and human rights impacts of this industry sector” and take into consideration “concerns of stakeholder groups”, but UBS officials have never traveled to Appalachia to witness the impacts or met with impacted community members until last Friday. The policy also claims to take into account regulatory compliance, but UBS financed Massey Energy and oversaw their merger with Alpha Natural Resources even after Massey was fined $20 million by the EPA for over 4,600 violations of the Clean Water Act.
Started in Knoxville, TN, the Hands Off Appalachia Campaign has spent two years engaging with UBS about their funding of the destruction of Appalachian through this extreme form of strip mining. HOA has organized dozens of actions and protests at local UBS offices all over Appalachia and the Southeast.
This summer, HOA escalated their campaign against UBS when three organizers blocked the entrance to the Knoxville UBS branch, the point of inception for the campaign. This action was the thirty-third time in sixteen months that campaign organizers had visited that office. On the heels of that action followed a blockade at UBS’ North American Headquarters in Stamford, Connecticut. There, four organizers with Hands Off Appalachia and Capitalism vs. the Climate, a climate justice direct action group based in Connecticut, took a stand against UBS in solidarity with communities in Appalachia. This action launched the northeast leg of our campaign against UBS. Yesterday, activists with the campaign picketed UBS’s Parade Spectacular in Stamford, handing out leaflets and displaying a large banner
reading “UBS Stop Funding Mountaintop Removal.”