24 Jun '11, 2am

Bank of America Spends Billions On Solar, Continues To Fund Coal

Bank of America Spends Billions On Solar, Continues To Fund Coal

The Bank of America recently announced that it will help finance up to $2.6 billion in commercial and industrial rooftop solar arrays through a partnership with Merrill Lynch, Prologis and NRG. This investment represents a significant boost to the renewable energy industry in the United States, as the installations are expected to provide approximately 733 megawatts (MW) of distributed solar energy, which is enough to power approximately 100,000 homes. The deal deal is part of Bank of America’s 10-year, $20 billion Environmental Business Initiative, launched in 2007, and adds to a growing list of recent commitments including a newly established goal by the company to reduce its global green house gas emissions 15 percent by 2015 , and the launch of a $55 million energy efficiency finance program. What doesn’t add up is why the Bank of America would spend so much supporting...

Full article: http://www.care2.com/causes/bank-of-america-spends-billio...

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Bank of America Putting Billions into Solar

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“NRG believes rooftop solar is a smart choice for industrial, commercial and residential property owners in markets around...

Bank of America Putting Billions into Solar

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earthjustice.org 26 Jun '11, 8am

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