Whitesburg KY

Firm cuts all ties to MTR mining

PNC Financial Services Group Inc. is promising to further reduce its ties to mountaintop-removal coal mining, Environment & Energy News reports.

“Due to environmental and health concerns, as well as our risk appetite, our MTR financing exposure has declined significantly over time, with current exposure to firms participating in MTR representing less than one-quarter of one percent of PNC’s total financing commitments, and it will continue to decline,” PNC CEO William Demchak wrote.

The environmental group Earth Quaker Action Team said it lobbied PNC to reduce its ties with mountaintop mining, said Environment & Energy News.

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