Bank Of America Backs Away From Funding Coal Projects

“Today, our renewable energy portfolio is more than three times as large as our coal extraction portfolio,” Plepler continued. “The transition from high-carbon energy to low-carbon energy will continue the bank believes “climate change poses a significant risk to our business, our clients, and the communities in which we operate.”As one of the world’s largest financial institutions, the bank has a responsibility to help mitigate climate change by leveraging our scale and resources to accelerate the transition from a high-carbon to a low-carbon society, and from high-carbon to low-carbon sources of energy,” the policy states.

Bank Of America Backs Away From Funding Coal Projects

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