March 09, 2007

March 08, 2007
BofA Exec: The Coming Green Banking Boom
Bank of America's (BAC) this week unveiled a ground-breaking $20 billion green lending initiative to finance companies creating low-emissions technology, underwrite loans for green building projects and create a carbon credit trading service for its customers.  
Bank of America also is changing its underwriting criteria for commercial loans to favor companies that provide "sustainable products, services and technologies. For consumers, BofA will offer, among other eco-friendly products a "green mortgage" with a reduced interest rate or a rebate if their new house meets energy efficiency standards.