In Thomas L. Friedman's Hot, Flat and Crowded, the idea of global warming and limited resources is analyzed. Friedman explains that the world is becoming overheated due to global warming, flat because of the rapid growth of the middle class, and crowded due to overpopulation.
Still, banking analysts and others suggest that heated debate over climate change, water quality and other environmental considerations is forcing lenders to take a much harder — and often uncomfortable — look at where they extend credit, and to whom.It seems many companies are now becoming aware of the repercussions of their actions. For example, Wells Fargo recently stated that it is reducing its involvement with companies engaged in mountaintop removal mining, a practice which dumps a significant amount of carbon dioxide into the air. While this method of mining is still increasing, it is comforting to know that at least many banks are withdrawing their support.
