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Bank of America Backs Away From Funding Coal Mining
2015-05-08 15:51:00| Climate Ark Climate Change & Global Warming Newsfeed
Huffington Post: WASHINGTON -- Bank of America is cutting off its financing for coal extraction projects, the company announced at its shareholder meeting Wednesday. "With regard to coal, over the past several years, we have been gradually and consistently reducing our credit exposure to companies focused on coal mining," said Andrew Plepler, Bank of America's Corporate Social Responsibility executive, at the meeting. The new policy, he said, "reflects our decision to continue to reduce our credit exposure, over...
Tags: america
bank
funding
mining
Coal investments are increasingly risky say Bank of America
2015-05-07 16:43:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Coal mining companies pose an increasingly risky investment, according to the Bank of America, which has said it will continue to reduce its financing of the sector. The dynamics around coal are shifting, said the banks new coal policy published on Wednesday, which cited pollution regulations, changes in economic conditions, increased competition from shale gas and renewable power. Analysts from the thinktank Carbon Tracker warned recently that the coal sector in the US had entered a structural...
Tags: america
bank
investments
increasingly
Water in the bank: One solution for drought-stricken California
2015-05-07 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Yale Environment 360: Saguaros and palo verde trees flourish in the Sonoran Desert northwest of Phoenix along the road to Hieroglyphic Mountains Recharge, one of the Central Arizona Projects groundwater banking sites. The shallow ponds, fed at one end by a burbling fountain, may look static, but the water is percolating down through the soil at a rate of about 3 feet a day, replenishing underground aquifers. The 38-acre Hieroglyphic site is part of a statewide water-banking effort in Arizona that has stored around...
Tags: water
california
solution
bank
Bank of America to reduce exposure to coal to help climate change efforts
2015-05-07 13:38:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: The Bank of America has confirmed that it will reduce its exposure to coal mining companies, noting that such investments are becoming increasingly risky and that the institution has a responsibility to help mitigate climate change. The statement was released at the banks annual shareholder meeting, with the new policy focussing on three elements reducing exposure to coal extraction firms, supporting carbon capture and storage technology, and adopting leading practices for managing environmental...
Tags: change
america
bank
reduce
Amalgamated Bank CFO | Movable Ink CMO | Ernst & Young executive director
2015-05-06 09:24:42| Apparel - Topix.net
Verve Mobile: Nada Stirratt, 49, joined the location-based mobile advertising platform as chief executive. She was previously chief revenue officer at Acxiom.
Tags: director
young
bank
executive
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