Climate Devastation Is Big Business For Big Banks [Forbes]
JP Morgan Chase & Co. (JPM)
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Source: Forbes
Climate Devastation Is Big Business For Big Banks Banking on Climate Change Report RAN $1.9 trillion dollars. That’s how much money 33 big private banks have pumped into fossil fuels since the Paris Agreement, an international pact between 197 countries to combat climate change, was adopted in late 2015. It also happens to be enough money to put solar power on every house in the world. This headline finding comes from — a report released last month from Rainforest Action Network, BankTrack, Indigenous Environmental Network, Sierra Club, Oil Change International, and Honor the Earth — which shows that big bank financing for fossil fuels has been on the rise over the last three years. We know some of the devastating effects of climate change; stronger hurricanes, rising sea levels, and intense heat waves, to name a few. And we know the role that humans play in climate change; namely burning fossil fuels to create excessive carbon dioxide and other greenhouse gases like methane, which tr
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JPM
Earnings
- 4/12/24 - Beat
JPM
Sec Filings
- 4/18/24 - Form 424B2
- 4/18/24 - Form 424B2
- 4/18/24 - Form 424B2
- JPM's page on the SEC website