Sixty banks funneled $185.5 billion last year alone into the 100 companies doing the most to expand the oil and gas sector, according to a report issued earlier this year.
— Jamie Dimon JPMorgan Chase CEO Jamie Dimon resoundingly assured lawmakers that his bank has no intention of stopping the financing of growth in the oil patch.
“Absolutely not and that would be the road to hell for America,” said Dimon, whose bank is the largest U.S. provider of loans and other capital to the energy sector. The Biden administration has used its slim congressional majority to pass legislation on top of executive orders for a shift toward alternative energy that is intended to cut U.S. carbon emissions by 50% by 2030 and hit net-zero by 2050. The energy sector contributes about 40% of global heat-trapping CO2. Three quarters of those emissions come from the six largest economies, including the U.S. and China at the top, the World Bank says.
The release scrutinizing banks said that in the six years since the adoption of the Paris Agreement, which set a goal for global warming of no more than 2 degrees Celsius and, ideally, 1.5 degrees, the world’s 60 largest banks financed fossil fuels with $4.6 trillion in loans and other capital.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
JPMorgan Chase CEO Jamie Dimon clashes with Dem rep over Russia investmentsJPMorgan Chase CEO Jamie Dimon objected to Rep. Brad Sherman's questioning during a House Financial Services Committee hearing, but Sherman would not let him speak out.
Weiterlesen »
Chase CEO Jamie Dimon Knocks Biden's Student Loan Forgiveness PlanJPMorgan Chase CEO Jamie Dimon knocked President Joe Biden’s student loan forgiveness, charging it will do little to fix the ongoing problem.
Weiterlesen »
After foot chase through crowded hospital ER, prison guard fires gun to stop escapeTwo guards chased an inmate through Fairfield Medical Center hallways, ER and parking lot with guns drawn, trying to stop an escape.
Weiterlesen »
Yankees close in on playoff berth as Aaron Judge history chase waitsHistory will have to wait, but Aaron Judge and the Yankees still had an impressive night on Wednesday.
Weiterlesen »
California Mustang thief runs of out gas during police chase, killed by oncoming traffic: reportAn alleged car thief took a Ford Mustang from a California home and led authorities on a chase before running out of gas. He was killed by oncoming traffic.
Weiterlesen »