SAN FRANCISCO (6.11.2012)—Today, Bank of America announced a new environmental initiative, which includes a commitment to $50 billion over ten years for environmental investments. While the bank is focusing on energy efficiency (largely reducing emissions from its own consumption), renewable energy and energy infrastructure, transportation, and water and waste, the bank does not address its role in financing fossil fuels, like coal, which are the leading cause of climate emissions in the United States.