Bank of America Pledges $50 Billion to Combat Climate Change
By Kristin Jones

Quote:

Bank of America Corp. (BAC) said it will contribute $50 billion over the next 10 years to address climate change, the latest company to boost its investments toward environmental goals.

The new set of goals will be effective on Jan. 1, following the anticipated completion of the bank's current 10-year pledge of $20 billion, which it said is four years ahead of schedule. "Environmental business delivers value to our clients, return for our shareholders, and helps strengthen the economy," said Chief Executive Brian Moynihan. "We met our prior goal in about half the time we set for ourselves, so more than doubling our target is ambitious but achievable."

The bank's new initiative includes lending, equipment finance, capital markets and advisory activity and carbon finance, as well as advice and investment help.

Bank of America will focus on promoting energy efficiency; renewable energy, including wind, solar and hydropower; lower-carbon transportation like electric and hybrid vehicles; and water and waste treatment and disposal initiatives....

more: http://english.capital.gr/News.asp?id=15....

nice to know where our tax dollars are going... one scam supports another.

Heh Brian: Here, stuff an alien snake in your puss.

A more accurate title would be:
BofA Pledges $50 Billion Extorted From Taxpayers to Climate Change Fraudsters

BofA Pledges $50 Billion Extorted From Taxpayers to Climate Change Fraudsters - Environmental Groups Praise

The TBTF banks are just money-laundering conduits for ALL the socialist scams now.

If they are putting in 50 billion that's only because they want to profit 500 billion from doing so - at least in the near term.

Selling $50 billion in toxic waste to the taxpayers...............

Really, it's "savers" through ZIRP that will be paying for this.

Unbelievable.

I remember catching a glimpse of this tidbit from earlier today and instantly filing it as "The Onion" in my mind.

This is an actual PR release from BOA? Things are much worse than I perceived!

It would be like me taking your property by adverse possesion or imminent domain and pledging it as a public sanctuary...in my name and for my glory.

Hey Brian and the rest of you bastards...pay US back in full first and whatever you do with your "profits" after that is up to you.

Absolutely Unbelievable...We only have ourselves to blame.

Does anyone here have a true figure on how much these institutions have ACTUALLY paid back to our coffers?

My guess is 30-40% at best...

Everybody that votes implicitly supports their corpo-fascist overlords.

"Everybody that votes implicitly supports their corpo-fascist overlords."

Agree...What to do?

Start any company with "climate" in the name and you will get the grant to change it.

I am starting the process 2mrw.

Mostly this is about Climate change in Wall Street. Basically, refitting new air conditioning in NYSE, NAZDUNG etc.

50 billion!!? 50,000 million!?! I know we're in the age where of it's not a trillion it's not ****, but 50,000 million still seems like a lot to me.

They're just counting loans they'll make that the gov will guarantee anyway.

"Climate Change Funds" is just the new term for "bribe money". They are going to toss around some money, and the administration is going to turn the other way while they defraud the public.

When you print you can give away as much as you like.

Also, given the USD will be worthless in 10 years 50 billion will be 50 notes.

BoA- Got change for one of these?

If only BAC had been around for the last few million years, we could have avoided the last few Ice Ages at the cost of maybe a Trillion or so dollars?

Apparently the Earth has a thermostat unit and you use money to dial it up and down.

If you have enough money you can dial up beach weather for Christmas in Maine.

Well.

I just can't imagine all you folks who are against a healthy environment berating BOA for ACTUALLY DOING SOMETHING that will help adjust our changing climate for the benefit of Mankind.

You all should be ashamed of yourselves, you'll prolly vote for Mittens or won't vote at all, and how can we expect to save out stressed Biovironment unless we have more companies like BOA helping to do their part and more.

Tomorrow I will likely open 2 checking accounts and try to increase my student loan with BOA and if I can get more $$$ you can bet there will be a fat donation chick in the mail for our President who has made great progress moving the environmental agenda Forward.

President Obama has promised student loan debt relief so I can easily afford to support his/my cause!

It's a WIN-WIN for me and my President, -and the Party!

Political Buzzwords: Codespeak For Scamming The Peasants.