JP Morgan Invests $200 Million in Carbon Removal to Combat Climate Change
TL;DR Summary
JP Morgan is investing over $200 million in buying credits for carbon removal and supporting carbon capture businesses. The bank has also joined Frontier, an advance market commitment to accelerate carbon removal, committing to purchase a combined $100 million of permanent, high-quality carbon removal over the next eight years. However, JP Morgan is also one of the biggest financiers of fossil fuel projects and remains the world's biggest funder of fossil fuels since the Paris Agreement.
- JP Morgan Bets Big On Carbon Removal OilPrice.com
- JPMorgan Makes One of the Biggest Bets Ever on Carbon Removal - WSJ The Wall Street Journal
- JPMorgan agrees to purchase $200 million worth of carbon removal CNBC
- JPMorgan Chase takes big plunge into climate-focused carbon removal: report MarketWatch
- JPMorgan Fights Climate Change, Makes Carbon Dioxide Removal Deal Bloomberg
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