JPMorgan Makes Big Bet On Climate Change

Benzinga
Benzinga
  • last year
JPMorgan Chase has made a significant investment of over $200 million to purchase carbon removal credits from various companies in the emerging industry. The move is aimed at offsetting the bank's environmental impact and establishing itself as a leader in the clean-energy sector. Carbon removal has gained attention as a crucial strategy for combating climate change, as the transition from fossil fuels is progressing too slowly to reduce greenhouse gas emissions sufficiently. JPMorgan's investment boosts companies involved in carbon removal, which have thus far achieved only limited success.

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