Clinton Initiative Inspires Utilities, Bank to Fight Global Warming

New York (September 28, 2007)- Former President Bill Clinton’s Global Initiative three-day conference in New York has elicited new commitments worth billions of dollars to battle climate change. A coalition of eight American utilities collectively serving nearly 20 million customers in 22 states announced that they would focus on energy efficiency. The utilities estimate that the effort will lead to the elimination of 30 million tons of greenhouse gas emissions per year – the equivalent of taking six million cars off the road. In addition, over the next five years, Standard Chartered Bank will commit to underwrite $4 to $5 billion in debt to renewable energy projects with a total project value of $8 to $10 billion around the world.

Related Resources:
Environmental News Service
Business Wire
Clinton Global Initiative