Banks Not News Today : Breaking News, Live Updates & Top Stories | Vimarsana

ST. JAMES, LOUISIANA 175 organizations today called on 30 leading banks and financiers not to fund the construction of Formosa Plastics’  $12 billion “Sunshine Project” petrochemical plant in St. James, Louisiana. Signatories to the letter from RISE St. James include residents and community groups, major U.S. civil society organizations, and international groups concerned about toxic air pollution caused by the proposed plastics plant. They criticized the environmental racism of siting the plant in Cancer Alley, a predominantly Black community already suffering from exposure to industrial air pollution. “Formosa Plastics will destroy our land, our homes, and the lives of our community. We’re saying enough is enough, and we’re standing up for a better, cleaner future for ourselves and our children. Banks shouldn’t finance this level of pollution, and if they want to show that they can be responsible then they need to say no to Formosa,” said

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