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Research News: Finance

Lack of U.S. Climate Law Sends Deutsche Bank's Investments Abroad

Thursday, August 26, 2010   (0 Comments)
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Deutsche Bank is taking its green investment dollars to China and Western Europe, citing a lack of regulatory certainty in the U.S. following Congress's failure to pass federal climate change legislation.

In a strongly-worded interview with Reuters, the head of the Deutsche Asset Management Division explained why only $45 million in green investments originated in the U.S., out of the $6 billion to $7 billion in funds devoted to climate change products.

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