Wall Street Shows Skepticism Over Coal

Three of Wall Street’s biggest investment banks are set to announce today that they are imposing new environmental standards that will make it harder for companies to get financing to build coal-fired power plants in the U.S. Citigroup Inc., J.P. Morgan Chase & Co. and Morgan Stanley will require utilities seeking financing for plants to prove the plants will be economically viable even under potentially stringent federal caps on carbon dioxide, the main man-made greenhouse gas. Read the entire story here.

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