Banks come to the rescue of threatened forests: No loans for shady firms

BOGOR, Indonesia: A recent pledge by 10 of the world's biggest banks not to lend money for projects that harm the environment in developing countries is good news for forests and other fragile ecosystems. Among those agreeing to follow the new "Equator Principles" code of conduct for private lending, sponsored by the World Bank, were Citibank, Credit Suisse, and ABN AMRO.