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Banks Look to Burnish Their Images by Backing Green Technology Firms

In the wake of a $30 billion commitment to new environmental investments by Wells Fargo in April and a $40 billion promise from Goldman Sachs this month, Bank of America will announce a 10-year, $50 billion initiative of its own on Monday. Facing bad publicity on practically every front, the big banks are highlighting what has quietly become a hot growth area in recent years — backing projects and companies in sectors like renewable energy, emissions reduction and reduced-carbon transportation.

6/10 NY Times