JP Morgan

Global Banks, Led by JPMorgan Chase, Invested $1.9 Trillion in Fossil Fuels Since Paris Climate Pact

Read time: 6 mins
JPMorgan Chase building in New York City

A report published today names the banks that have played the biggest recent role in funding fossil fuel projects, finding that since 2016, immediately following the Paris Agreement's adoption, 33 global banks have poured $1.9 trillion into financing climate-changing projects worldwide.

The top four banks that invested most heavily in fossil fuel projects are all based in the U.S., and include JPMorgan Chase, Wells Fargo, Citi, and Bank of America. Royal Bank of Canada, Barclays in Europe, Japan’s MUFG, TD Bank, Scotiabank, and Mizuho make up the remainder of the top 10.

Everything You Need to Know About Energy and Climate Secretary Amber Rudd Before COP21: Part 1

Read time: 4 mins

Amber Rudd will be leading the British team of negotiators at Paris as the world’s leaders meet to decide the fate of the planet.

The secretary of state was just this week accused of misleading Parliament about the state of the country’s renewable energy target as the chasm between her declared commitments to climate change and loyalty to chancellor George Osborne’s austerity-plus-fracking grows ever wider.

And yet it was only 10 years ago that Rudd decided to enter politics. She made a life-changing decision at the age of 40. She decided to “take [her] life back” and “really point it in the direction I want it to go.”

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