March 7, 2007
Bank of America is Seeing Green
B of Aâs new credit card will do more than just get you into trouble at Whole Foods; like those offered by MBNA and other companies, it will donate a portion of every dollar spent to reducing greenhouse gases. The card is just one of a slew of environmentally-progressive initiatives announced by the lending and banking giant yesterday.Â
B of A consumers will soon be able to donate their WorldPoints rewards to green organizations, or cash them in for âenvironmentally friendly merchandise.â? Prospective home-owners will get reduced interest rates for ENERGY STAR approved houses, and small to mid-size trucking companies will get no-collateral loans to help them afford fuel-efficient solutions.
Overall, B of A will devote $20 billion (about the GDP of Lebanon) over 10 years to environmentally friendly incentives, including real estate investment, corporate lending, investment banking and market creation. Bank of America Corp. is just one of several financial biggies incorporating environmental awareness into their public relations campaign. Now if only the government would do more of the same â¦
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I’m doing a mental mash-up of BofA’s green lending plans and the story of our Z-squared (zero carbon/zero pull from the grid) remodeling of a 60s-era BofA building (http://www.mercurynews.com/ci_5424146). It’s the first Z2 commericial building in the country, to our knowledge. Since the Merc story hit, I’ve learned that the original BofA windowless concept was inspired by the L.A. Watts riots. The remodeled building, in contrast, is a study in harvesting natural light for interiors. What if BofA helped finance the green remodel of all the concrete boxes it has strewn across the nation’s landscape for small businesses like ours to use? Just Green Dreaming. However, toward that goal, it would be great if the gist covered news of our building. Get back to me if you want more than Katherine Conrad’s Merc story can provide.
Comment by therese sullivan — March 23, 2007 @ 6:40 pm