Posted by Editor on Tuesday, November 9, 2010,
In :
Guest Blogger
Several large commercial lenders including Wells Fargo, Morgan Stanley, and Citibank, say they are starting to shift their involvement away from industry practices that they see as risky to their reputations and bottom lines, reports The New York Times. These include investments in oil and gas development, nuclear power, coal-fired electricity generation, oil sands development, fuel pipeline construction and forestry.
Wells Fargo will invest more than $100 million by the end of 2011 to fund th...
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