Bank of America to Invest $50 Billion to Address Climate Change
Bank
of America has announced it will direct $50 billion to address climate
change over the next ten years, but it was slammed by an NGO for not
addressing its financing of coal businesses.The bank’s new goal will be
effective from 2013, as its previous $20 billion target, set in 2007,
will be met by the end of this year, four years early.Its environmental
business initiative will consist primarily of lending, equipment
finance, capital markets, advisory services, carbon finance, and advice
and investment solutions for clients.The areas of…Read more...
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