JP Morgan to withdraw support for some fossil fuels
by Jillian Ambrose Energy correspondent from Environment | The Guardian on (#4ZV5C)
Industry's largest financier pledges to end loans to Arctic oil drillers and coalminers
JP Morgan Chase is to end fossil fuel loans for Arctic oil drilling and phase out loans for coal mining under new climate initiatives.
The world's largest financier of fossil fuels set out its plans at an investor event on Tuesday, days after the bank's economists warned that the climate crisis threatened the survival of humanity.
Continue reading...