2/6/2008

Three Wall Street banks say they have set standards to factor in the environmental risks from carbon emissions when lending to power companies that want to build coal-fired power plants. The "carbon principles" adopted by Citi, JPMorgan Chase and Morgan Stanley do not dictate how power companies should generate electricity. But if a utility selects a technology that emits high amounts of carbon dioxide, the banks have agreed to factor these risks into the final financing decision.

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