Bank of America announced a $20 billion initiative to support the growth of environmentally sustainable business activity to address global climate change. The ten-year initiative encourages development of environmentally sustainable business practices through lending, investing, philanthropy and the creation of new products and services.

"We have a tremendous opportunity to support our customer's efforts to build an environmentally sustainable economy -- through innovative home and office construction, new manufacturing technology, changes in transportation, and new ways to supply our energy." -- Kenneth D. Lewis, Bank of America, chairman and CEO