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Wells Fargo Announces $6.4 Bln In Environmental Financing In 2012

Wells Fargo & Co. (WFC) said Monday it provided $6.4 billion in loans and investments in 2012 to businesses and projects with a direct positive impact on the environment, as the company accelerates its support for a green economy.

This marks the company's first environmental financing update since announcing last year an expanded commitment to provide an additional $30 billion by 2020. Wells Fargo made its initial environmental financing commitment in 2005, and through 2011 the company provided $11.7 billion in loans and investments and more than $3.1 billion in additional financial services.

by RTTNews Staff Writer

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