Bank Of America Announces $125 Billion Environmental Business Initiative

Bank of America

Bank of America announced on Monday, July 27th that it was boosting the firm’s current environmental business initiative from $50 billion to $125 billion to support low-carbon businesses by 2025 through lending, investing, raising funds, advisory services and developing financing solutions for clients across the globe.

The 150% increase in BOA’s environmental business initiative commitment will be highlighted at the White House’s American Business Act on Climate Pledge event, designed to publicize corporations who are taking positive steps to address climate change. The upcoming event unites businessmen from various industries as they pledge support for a climate agreement ahead of the global warming / climate change talks to be held in Paris later this year.

BOA’s initiative is focused on the energy efficiency, renewable energy and transportation sectors, and encompasses businesses involved in projects relating to  water conservation, land use and waste. This new commitment is in addition to the firm’s initial environmental business initiative launched in 2007 and completed four years early in 2013.

Of note, Bank of America has worked with firms to arrange $39 billion in financing for low-carbon activities since 2007, with a notable $12 billion provided in 2014.

Statement from Bank Of America

“We are putting our financial capital, our intellectual capital, and the strength of our partnerships to work to help create a better future for all of us,” noted BOA CEO Brian Moynihan.

“We will continue to work with partners around the globe to develop innovative and scalable solutions that attract new investors and additional capital to clean energy and low-carbon infrastructure opportunities,” said Purna Saggurti, Bank of America Merrill Lynch chairman of Global Corporate and Investment Banking.

Statement from the chairman of the Bloomberg New Energy Finance Advisory Board

“Since making its original environmental business commitment in 2007, Bank of America has consistently been among the leaders in every branch of clean energy finance we track,” Michael Liebreich, founder and chairman of the Advisory Board, Bloomberg New Energy Finance, commented. “This new commitment means Bank of America is again setting the pace. To be considered a leading provider of financial services, in anything from energy to real estate, it’s crucial to be focused on funding low-carbon solutions, and Bank of America’s new commitment is a very significant statement.”

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1 Comment on "Bank Of America Announces $125 Billion Environmental Business Initiative"

  1. What a crock of crap. Truly. When will Bank of America pay back all those people they defrauded? The BANKSTERS continue to commit fraud upon hardworking people and fraud upon the courts. The biggest Ponzi scheme the world has ever seen , where the Banksters created credit out of thin air, not for their borrowers, but for the banksters themselves via the Federal Reserve’s magic check book, with no bank account behind it. The Bankster then loaned that imaginary money to people on the security of overvalued real property with the deliberate aim of reducing the artificially raised property prices and putting people out of work.People without income cannot pay their bills, so they were guaranteed they could steal all that real property from their rightful owners. Of course you would say to yourself, that makes no sense because the Banksters would lose money when foreclosing on the security , but you’d be wrong because the banksters insured the debt with an insurance company, but just forgot to tell the borrowers that. SO they knew they could not lose. Its what you might call having your cake and eating it too. You see, just secretly insuring the debt was the way they ensured that they lost no money. First they sold investors in Wall Street on the idea of using pensions and other fund moneys to invest in the profitable housing market. Then they sold homeowners on the idea of borrowing money against their rising property values, secure in knowing that they had artificially raised those prices and knew they could reverse that trend rapidly, when the time was right. Then they found another group of investors and sold them on insuring against the unlikely risk of those secure mortgages defaulting. But, as you know, they had already insured the downside risk. So they devised a new name that no one understood called the credit default swap. These were not insurance policies regulated by the states, but were unregulated securities sold on wall street to investors. So, once they got the business of insurance outside of the regulatory realm, it was no holds barred and they sold the same investment to up to 20 different groups in respect of every mortgage pool they pretended to create in the securitized mortgage scam.But people need to lose the mindset of someone who has been brainwashed by the garbage put out by government at state and federal level and echoed in the corporate owned media

    SO therefore, The banksters along side Freddie and Fannie, were and still are continuing to submit fraudulent documents to the courts in order to steal homes from homeowners. They and their substitute trustee lawyers (ie Samuel I White PC, just one of many ) are submitting FRAUDULENT papers to the courts in order to FRAUDULENTLY foreclose on homeowners across the nation. Mortgage notes with Forged Owners signatures and ta-da endorsements are being submitted to the courts in order to steal homes. Bank of america(or as they like to refer to themselves…fka countrywide) made a deal with the attorney generals to modify loans that they really had no right to modify as they were illegally acquired to begin with. They committed notary fraud, forgery, added fake endorsements and as their crimes began to come to light…………they made a deal and instead of modifications (which they LED the homeowners to believe what was happening)….they handed the fraudulent documents over to Green Tree, soon to be called DiTech..corporate criminals are notorious for changing their names after lights shine on their crimes…, among others, to foreclose. Meanwhile, homeowners are the ones who are paying the price by having their homes taken because of felonies that are being committed . Fraud upon the courts, racketeering, forgery, wire fraud, notary fraud…pathetic, nauseating, and just all around COMPLETELY disgusting. Wake up America. Wake Up.

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