Wednesday, January 3, 2007
Fortune on 1/3/07: How Green is Wall Street?
Investment banks say they are eco-friendly, but back coal plants.
"We are committed to a policy of environmental excellence," the Wall Street securities firm says on its Web site. This raises a couple of questions. Why, then, is Merrill a lead underwriter for a $10-billion plan to build 11 new coal-fired power plants in Texas that is strenuously opposed by just about every major environmental group in the United States?
Click here for the Fortune Article