The
San
Francisco-based
bank
also
pledged
$100m
in
grants
to
support
community
environmental
efforts
and
a
40%
improvement
in
its
own
energy
efficiency.
Chief
executive
John
Stumpf
says
the
goals
reflect
a
belief
that
the
company's
responsibility
includes
"promoting
the
long-term
economic
prosperity
and
quality
of
life
of
the
communities
we
serve".
Wells
Fargo's
2011
environmental
financing
portfolio
totaled
$2.8bn,
bringing
it
to
$11.7bn
invested
since
2005,
including
$3.8bn
in
debt
and
equity
for
US
renewable
energy
projects.
2011
activity
included
$450m
in
solar
PV
project
tax
equity
and
$200m
for
wind.
…
