Comments on: Bank of America: Green or Greenwashed

By: kim

kim — Fri, 08 Aug 2008 02:31:08 +0000

They may have made the decision to lend to coal plants in the past, but it is never too late to do the right thing…only time will tell if they greenwashed or not..

By: Joe

Joe — Wed, 06 Aug 2008 14:52:53 +0000

Total Greenwashing. B of A is one of the leading lenders to coal plants, which is one of the largest contributors to greenhouse gases…. If they really practice what they preach, they’ll stop lending to coal and other companies that are major contributors to global warming.
http://ran.org/media_center/news_article/?uid=4751

By: Tim

Tim — Tue, 05 Aug 2008 15:49:03 +0000

Sounds like some good initiatives here. Even if it is motivated to increase profit, getting LEED certified banking centers alone has a significant impact and is a move other corporations should emulate. However, some of these programs, such as the credit card may in fact simply inspire people to buy more. That's the problem with a lot of greenwashing is that it just encourages consumerism, which is a leading contributor to overall environmental degradation and energy waste. More on greenwashing: What Is Sustaniability?

By: whois

whois — Tue, 05 Aug 2008 02:08:33 +0000

Ok, but what kind of companies are they lending to and funding? What is their track record of social responsibility? What was their role in this whole credit mess? Dig deeper and get passed the PR department. Plus, when I had an account with them, trying to actually get a live person was impossible… and don’t even think about asking them to reverse fees.

By: Anonymous

Anonymous — Tue, 05 Aug 2008 01:49:26 +0000

Looking for a new bank? Try a community investing institution instead of Bank of America: http://www.communityinvest.org/

By: Nick Aster

Nick Aster — Mon, 04 Aug 2008 15:12:44 +0000

Waaaaaay back in 1995, Bank of America published an outstanding report entitled "Beyond Sprawl: New Patterns of Growth to Fit the New California". It's one of the landmark pierces making the financial case against wasteful consumption and sprawl development. That report put BofA in a favorable light for me a long time ago. Still, their propensity to nickle and dime the customer with outrageous and obnoxious fees for practically everything you do (sneeze in a branch, that'll be a 25 cent kleenex fee) has made be loathe them. Happy to see some systemic change, but for now, my money is with New Resource Bank.

By: Benji Burrell

Benji Burrell — Mon, 04 Aug 2008 14:55:11 +0000

I just stopped by to thank you for writing about mountaintop removal coal mining and one of the banks that is financing it.
If you ever need any more resources for blogging about surface mining, drop me a line!
If you havent already, please consider joining the iLoveMountains.org Blogger’s Challenge and adding a WIDGET to TriplePundit. To date, 470 bloggers have taken the challenge!
http://www.iLoveMountains.org/bloggers-challenge
Again, thanks, and take care. – - Benji@iLoveMountains.org

By: RPO

RPO — Mon, 04 Aug 2008 12:13:11 +0000

Sounds like a step in the right direction. IO hope other skyscrapers follow suit.