Green Options

President-elect Barack Obama has selected the economic team that will help him to ‘do what’s necessary’ to fix the economy.

Spurred by looming federal policy on CO2 emissions, many banks are exploring how to mitigate their financial risk as much as possible. This week, Citigroup, Morgan Stanley, and JP Morgan announced guidelines to help them determine whether to lend money to projects that emit a lot of carbon dioxide (CO2) - like coal-fired power plants.

The Principles are:

• Energy efficiency: Encourage clients to invest in efficiency measures, taking into consideration the value of avoided

[...]