Bank of America is Formosa Plastics’ most important US bank.
It helped the company sell $1 billion of bonds back in 2015, making it Formosa Plastics’ most likely US partner to help raise money for this giant new petrochemicals complex.
Bank of America is also one of the top plastics financiers in the world. As we know, the plastic waste problem is out of control, with the equivalent of one garbage truck of plastic waste flowing into our oceans every minute. The last thing we need is a massive factory pumping out new plastics for single-use packaging and other products.
Tell Bank of America to publicly pledge to not fund the Sunshine project.