Charlotte-based Bank of America Corp. (NYSE: BAC) this week pledged to funnel another $300 billion by 2030 toward low-carbon business initiatives.
BofA says it will allocate the money through lending, investing, capital raising, advisory services and financing solutions. The bank has distributed more than $126 billion to similar causes since 2007.
“The need to mobilize and deploy capital to address climate change has never been more urgent,” says the bank’s vice chairman, Anne Finucane. “As…
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