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JPMorgan announces big moves to support environment, including ending loans to coal industry

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Under CEO Jamie Dimon, JPMorgan has held annual investor meetings to update stakeholders on performance targets, market conditions and areas of opportunity

and will pull back from advising and lending to the coal-mining industry.

On top of stepping back from advising companies that get most of their revenue from coal extraction, JPMorgan said it will put restrictions on financing new coal-fired power plants, phase out "credit exposure" to the industry by 2024 and will stop funding new oil and gas drilling projects in the Arctic.

 

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Damn

So it is now banking by politics ......what is next, no credit cards to MAGA hat wearing folks ?

It's a step in the right direction... But MUCH MORE NEEDS TO BE DONE. PLEASE.

「OHMASA-GAS」

Wow ! BUT ... are they still giving TRUMP millions for re-election ? He is a in on Coal and anti Climate change.

Not sure that’s legal.

Not making loans to a sector that’s about to be legislated out of existence over the next 3 decades is Sound business, not environmental concern. They’d never get repaid.

We also don’t believe in using businesses that are political. We will not be using JP Morgan/Chase. Now or in the future.

AWESOME.. The coal industry is on its way out. We need to take their workers and retrain them for renewable energy industries. And we need to place renewable energy industries and jobs in areas that once add a strong coal industry

whew!! we all can sleep at night thay they wont print loans out of thin air and lend them out to be paid back with interest!! close one! imo

Investing in hemp?

TRAITOR globalist ANTI-American corporation.

But Trump says coal is coming back ...

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