FlowBank

1099 days ago • Posted by William Ramstein

JP Morgan chase is the top fossil fuel industry underwriter.

In sum, global banks have lent out $750 billion in fossil fuel driven projects. This conflicts with green pledges and could also position top banks in difficult positions regarding ESG qualifications. JP Morgan has lent over $300 billion, and Citi nearly $250 billion.   

Source: Financial Times

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