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Bank of America Ahead of Plan on 10-Year, $20 Billion Environmental Business Initiative

In a report issued today, Bank of America announced it is ahead of schedule on its 10-year, $20 billion business initiative focused on addressing climate change, launched in 2007. Through June 2010, Bank of America has directed $8.4 billion through lending, investing, capital markets activity, philanthropy and the company’s own operations. Details can be found in Bank of America’s 2010 Environmental Progress Report at www.bankofamerica.com/environment. “One way Bank of America helps set opportunity in motion for clients and communities is by financing renewable and energy efficiency technologies and projects that reduce greenhouse gas emissions,” said Anne M. Finucane, Global Strategy and Marketing officer and chair of Bank of America’s Environmental Council. “As an organization, we believe we can help address climate change and spur economic recovery by creating new businesses, technologies and jobs. Even in this challenging economy, the momentum we’re seeing demonstrates that strong demand for capital, service and expertise in this sector continues to present a compelling business opportunity.”  More…

News selected by Covalence | Country: Russia | Company: Bank of America | Source: Bank of America

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