$148 Billion Clean Investment in 2007; Bank of America and Citi strangely absent from list

Global investment in clean energy technologies soared 60% last year to $148.4 billion, according to London-based researchers New Energy Finance

Here are some of the top banks dominating the clean energy investment markets (with wind and solar domintating). Strangely, the top two US banks, Citi and Bank of America, are absent. Yet, they are regularly touted in the media, and their public relations hacks’ talking points, as green banks.

Press release from new energy finance, the firm that puts together the Clean Energy League Tables

Here are the 2006 Clean Energy Tables (2007 hasn’t been posted yet). But with the exception of one Citi deal, Citi and Bank of America were absent in 2006 as well.

This report includes definitions for what qualifies as clean energy. Nuclear and large hydro are excluded. CCS is included, but obviously there is very little financing in this sector so far.


About


Scott Parkin is a Senior Campaigner with Rainforest Action Network and organizes with Rising Tide North America. He has worked on a variety of campaigns around climate change, the wars in Iraq and Afghanistan, mountaintop removal, labor issues and anti-corporate globalization. Originally from Texas, he now lives in San Francisco.

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