Thursday, March 15, 2007

Bank of America invests heavily in clean energy

Wow, check this one out over at Bank of America has committed to $20 billion in renewable energy development over 10 years.

Here's the break down: The company will commit $18 billion to lending, advice, and market creation to help commercial customers finance the use and creation of new products, services, and technologies like energy efficiency and renewable energy systems. Bank of America will also give $1.4 billion to ensure LEED certification for all new office facilities and banking centers, donate $50 million to nonprofits working on energy issues, and invest $100 million in energy efficiency measures in their own facilities. The company is even developing a set of products for individuals who want to offset or reduce their carbon dioxide emissions.

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