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November 03, 2015

Bloomberg: Goldman Criticized for `Half-Measures' on Cutting Coal Support

"The pledge fell short of commitments this year from companies including Citigroup Inc. and Bank of America Corp., according to the Rainforest Action Network, an advocacy group that’s pushed banks to cut their support for coal. The other two lenders made explicit commitments to reduce their financing of the industry, citing its contributions to greenhouse-gas emissions blamed for warming the planet. Goldman, while acknowledging the dangers of climate change, didn’t go that far."

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