Bank of America Announces Additional $125 Billion Environmental Business Initiative (News Release)
The bank has provided $265 Million to geothermal projects since 2007
Bank of America has pledged to increase the company’s current environmental business initiative from $50 billion to $125 billion in low-carbon business by 2025 through lending, investing, capital raising, advisory services and developing financing solutions for clients around the world.
Bank of America has provided more than $39 billion in financing for low-carbon activities since 2007, including $12 billion in 2014 alone, of which 40% went to renewable energies – solar, wind, hydro, geothermal, advanced biofuels or mixed portfolios.
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