Rep. Ed Perlmutter of Colorado inserted a provision into the
recently passed House climate change bill that would drum up
business for "green" banks, such as the one he has invested in
and his family and a political donor helped found in San
Francisco.
The bill calls on bank regulators to promote green banking and
says federal dollars should be used to support energy-efficient
home improvements at government-funded housing projects.
Mr. Perlmutter, a two-term Democrat, has two investments in the
3-year-old New Resource Bank, which calls itself the nation's
first green bank. Among other environmentally conscious banking
products, the bank offers home equity loans for consumers to
make their homes more energy efficient, in addition to
construction loans for green builders.
jun| 7.15.09 @ 8:53AM
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