B of A Chief Bends to Complaints of Investors, Environmentalists

“Environmentalists have spent the past four years pushing for such a change and they said B of A now has the strongest policy of its kind on climate change.
‘It’s significant,’ said Amanda Starbuck, climate and energy program director at the Rainforest Action Network. ‘Brian Moynihan has listened to many stakeholders, and he’s looked at the market for global energy and made a smart judgment. B of A has made a bigger commitment than any of the major global banks.’

Last week PNC Financial Services Group basked in the admiration of environmentalists at its annual meeting in Pittsburgh, after the bank agreed to pull back from mountaintop-removal coal mining loans.”

Read The Full Article Here