http://blogs.reuters.com/ben-walsh/2012/06/14/green-finance-datapoint-of-the-day-bofa-edition/ Tue, 07 May 2013 11:19:21 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/ben-walsh/2012/06/14/green-finance-datapoint-of-the-day-bofa-edition/#comment-201 GMavros Fri, 15 Jun 2012 18:25:33 +0000 http://blogs.reuters.com/ben-walsh/?p=698#comment-201 What a farce ! what else would you expect form our 'socialized' & corrupt banking system. What a farce ! what else would you expect form our ‘socialized’ & corrupt banking system.

]]> http://blogs.reuters.com/ben-walsh/2012/06/14/green-finance-datapoint-of-the-day-bofa-edition/#comment-200 KenG_CA Fri, 15 Jun 2012 01:38:06 +0000 http://blogs.reuters.com/ben-walsh/?p=698#comment-200 Big deal. BofA is a major funder of dirty coal. While many banks have stopped financing coal projects, BofA continues to loan money for mines and power plants. This is marketing BS. Big deal. BofA is a major funder of dirty coal. While many banks have stopped financing coal projects, BofA continues to loan money for mines and power plants. This is marketing BS.

]]> http://blogs.reuters.com/ben-walsh/2012/06/14/green-finance-datapoint-of-the-day-bofa-edition/#comment-199 gringcorp Thu, 14 Jun 2012 20:30:18 +0000 http://blogs.reuters.com/ben-walsh/?p=698#comment-199 Nope, that's really not the most depressing about these announcements. Every time you read about a US bank making this kind of commitment, a huge part of that commitment is going towards providing upfront financing to be repaid with federal tax credits that are used to encourage green energy. Not all of it mind, but a huge amount of these commitments goes towards reducing these banks' tax bills. Cheers! Nope, that’s really not the most depressing about these announcements. Every time you read about a US bank making this kind of commitment, a huge part of that commitment is going towards providing upfront financing to be repaid with federal tax credits that are used to encourage green energy. Not all of it mind, but a huge amount of these commitments goes towards reducing these banks’ tax bills. Cheers!

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