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11/30/2009 08:56 AM
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Wells Fargo Launches Cleantech Group
SustainableBusiness.com News
Wells Fargo & Company (NYSE: WFC) announced a new commercial banking group dedicated to supporting cleantech companies.
Based in Palo Alto, Wells Fargo’s National Cleantech group will offer customized commercial banking products and services to businesses that manufacture, market or develop clean technology products and services, such as solar and wind power, energy and water efficiency, electric and low-emission vehicles, and smart grid applications.
Wells Fargo said the new group will provide financial services and resources dedicated to helping international and domestic companies focused on decreasing the use of fossil fuels, fertilizers, industrial chemicals, and other activities that cause greenhouse gas emissions or other harmful environmental effects.
Wells Fargo also offers investment and insurance services for clean tech businesses and helps municipalities and non-profits invest in energy efficiency.
In October, the company committed to reducing its greenhouse gas emissions 20% by 2018.
Website: http://www.wellsfargo.com/environment
