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February 20, 2008
Banking and Carbon Policy
Bank of America and others are factoring in carbon emissions in their loans.
Some of the biggest players in the banking world, looking ahead to a time when a tax or trade system becomes the law in the U.S., are taking the cost of carbon emissions into account when it comes to loaning money, especially to utilities. Bank of America, Citigroup Inc., J.P. Morgan Chase & Co. and Morgan Stanley have all said they will be including the cost of carbon emissions when determining when to loan money to companies.
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Posted on February 20, 2008 08:42 PM by bank o650.
Filed in Money in the Bank under bank of america.
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