Lenders Back Off of Environmental Risks

Posted by Washington Post: Juliet Eilperin on August 31st, 2010
NYT: Blasting off mountaintops to reach coal in Appalachia or churning out millions of tons of carbon dioxide to extract oil from sand in Alberta are among environmentalists' biggest industrial irritants. But they are also legal and lucrative. A Massey Energy mountaintop site. Some lenders that previously extended credit have eliminated ties to the company. For a growing number of banks, however, that does not seem to matter. After years of legal entanglements arising from ......

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