We know it’s easy to vilify the financial sector, but it does have redeeming qualities. For example, when a bank helps get alternative energy off the ground with financing.
In May Deutsche Bank announced it
would finance National Wind’s power portfolio.
But even better than that, the well-respected financial services institution took aim at climate skeptics with a
report that took apart the twelve common claims of skeptics. Deutsche aimed to debunk any doubts investors would have about being heavily invested in climate-related ventures. With more than $5 billion invested in the business of mitigating climate change, Deutsche is literally betting that it will pay to be on the right side of the argument.
Deutsche bank even served up a warning to the US when it actively started looking outside of our borders for alternative energy investments,
citing the US’s inability to pass meaningful climate legislation or alternative energy incentives.
Huffington Post Alden Wicker First Posted: 10/08/10 09:28 AM ET Updated: 05/25/11 06:55 PM ET