Bank of America Corporation (NYSE:BAC) shares are trading higher premarket Thursday. The company is reportedly providing a major boost to climate technology, which has struggled to gain momentum through a landmark tax credit deal.
The bank will invest $205 million in exchange for tax credits from an ethanol producer, Harvestone Low Carbon Partners, that captures carbon at a plant in North Dakota, reported WSJ.
Notably, last October, Harvestone Low Carbon Partners began capturing carbon at its Underwood plant. This plant produces corn ethanol blended with ...
