Tuesday, March 6, 2007

A New Green TIMO?

Is Bank of America about to enter the timberland investment field with a focus on FSC certified forestland? Or am I reading this incorrectly?

"Timberland Investment Solutions: Bank of America is evaluating proprietary investment management solutions that incorporate forest conservation principles consistent with those defined by the Forest Stewardship Council. Reforestation, wildlife management, responsible development and the support of carbon sequestration ecosystems are important attributes that will be considered. Bank of America intends to commit its own capital to promote "green" investment solutions for its clients." Read the entire news release.

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