Goth, Greg
March 2008
Bank Technology News;Mar2008, Vol. 21 Issue 3, p27
Trade Publication
The article discusses the penetration of green movement in some areas of the financial services industry in the U.S. Three of the largest financial firms such as Citigroup Inc,, JPMorgan Chase & Co. and Morgan Stanley & Co. Inc., and other companies developed the Carbon Principles whose aim is to make ti more difficult for new coal-fired power plants to secure financing. The Rain Forest Action (RAN) convinced institutions to adopt green lending practices.


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