But activists groups use that fact to downplay Bank of America’s announcement Monday.
“Bank of America cannot have its cake and eat it too. We cannot applaud its climate and renewable energy commitments while the bank is also playing a leading role in financing the coal industry,” said Amanda Starbuck, director of the Rainforest Action Network’s energy and finance program, in a statement.
“Bank of America’s commitment to renewable energy is a step in the right direction, however, the bank is simultaneously taking two steps back by continuing to underwrite the coal industry.”
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