Green business, green careers and job training
Solutions that build smart communities with green careers and sustainable businesses!
HOME
EDITOR'S BLOG
FEATURE ARTICLES
GET STARTED

Save on Career Education through Lorman Education

Our readers are offered a discount on Lorman seminars and courses. Check out their business, management and legal offers at this link to qualify for our discounts. They also offer green business training opportunities. Please visit http://www.lorman.com/training/CaliforniaGreenSolutions for a complete listing of courses. Register online or call Lorman at 866-352-9539.
Home > Green News > SOLUTIONS MAGAZINE > Special Reports > Resources > Networking for Green & Sustainable Organizations > Business News

Bank of America Announces $18 billion for green project financing

Bank of America will spend $18 billion on commercial lending and investment banking for "green" projects over the next decade.

Find green business solutions
Bank of America has 16,000 ATMs and 5,700 banking centers coast to coast. With 1/3 of its branches in California.

CHARLOTTE, N.C. (AP) _ Bank of America Corp., the nation's largest retail bank, will spend $18 billion on commercial lending and investment banking for "green" projects over the next decade, company officials announced Tuesday.

The Charlotte-based bank said it will spend another $2 billion for consumer programs and on efforts to reduce its own impact on the environment.

The bank said the new initiative is separate from internal polices it implemented in 2004 to reduce greenhouse gas emissions and paper use.

"Under the old polices, which we are still adhering to, those commitments have involved actions that we are not going to do, like use a lot of paper," said James Mahoney, the bank's director of public policy. "This initiative focuses on things we are going to do."

This year, Bank of America costumers will be able to sign up for a credit card program that will contribute a portion of every dollar spent to greenhouse gas reduction projects. Customers who want to buy homes that meets energy efficiency standards can apply for a mortgage with a reduced interest rate or a $1,000 rebate from Bank America.

The bank will also invest an additional $100 million in its own energy conservation measures and donate $50 million to several nonprofit organizations that promote forest preservation, innovative energy conservation and green housing.

The bank is currently building office towers in Charlotte and New York, just off of Times Square, that are more energy efficient.

Bank of America already provides rebates of $3,000 for employees who buy hybrid vehicles.



Edited by Carolyn Allen, owner/editor of California Green Solutions
Green Solution Providers
Green companies directory
Submit
your green solutions - business, nonprofit, government program.
It's free.
| finance |

Share in Social Media

Sign Up For News & Information
Subscribe to our free solutions newsletter
BONUS DOWNLOAD (PDF)
"Ten+ Tips for Greening Your Office"

SUBSCRIBE HERE
Read prior issues: California GreenLines

Search For Green Solutions

Custom Search
Green Career Center
Green Job Wizard
Career Certifications Directory

green job training certifications
Green Biz Center
Solutions For Green
Directory of Green Companies

Solutions for Alternative Energy

rose in natural systems
Green Living Center
Solutions for Green: Consumers

Solutions for Remodeling

Backyard Nature Center

INSTANT GREEN POLL

"Knowing is not enough; we must apply. Willing is not enough; we must do." Goethe
RECENT ARTICLES
SITE NAVIGATION
ABOUT US

Related Articles

More States are Moving Toward State Owned Banks

Credit Unions Offer Peace of Mind

Venture Capital Moving to Energy Efficiency from Clean Fuel

Related Green Resources

Marcom Tips
Interactive & Video Tips

Career Resources

We encourage lifelong learning to support sustainable communities and provide these select resources to help you pursue green and sustainable self-development:

Lorman Business Training Directory of On-line Business and Compliance Classes

Green Job Wizard Job and Career Certifications Directory

Job & Career Resources

Governance
Management
Manufacturing
Operations
Facilities
Transportation
Finance
Sales & Marketing
Human Resources

Green Economy

Business Sectors
Natural Resources

Solutions For Green

About Us ~ Privacy Policy
Contact Us ~ Home

Text Link Ads

AD: Place your link here

ABOUT CALIFORNIA GREEN SOLUTIONS

We help you green your career, workplace and community by connecting you to quality green, sustainable and high performance resources. California Green Solutions focuses attention on effective solutions that sustain our natural systems. You can support our editorial work by supporting our advertisers and spreading the word about best practices and green solutions.
California Green Solutions is a publication of Carolyn Allen ~ Copyright ©2006-2030 Carolyn Allen

B2B | Job Certifications | Alternative Energy | Events | Green Directory | LED Lights | Remodeling |
CONSUMERS | Backyard Nature | Senior Health | MultiMedia Marketing | Marketing | Networking Events | Japan |