Banks| Policies| Dodgy Deals| Campaigns
About us| Blog| Publications| Successes| Contact us| Donate
About BankTrack
Visit us
Organisation
Our team
Our board
Guiding principles
Team up with us
Our annual reports
Funding and finances
History
BankTrack in the media
Our privacy policy
Donate
2022-06-02 00:00:00
GFANZ must tighten the screw on fossil fuel expansion
2022-05-19 00:00:00
BNP Paribas and Société Générale: stop financing climate destruction and human rights abuses
2022-05-04 00:00:00
Barclays is big on beef and burning
2022-05-04 00:00:00
Standard Chartered’s 2022 AGM dominated by shareholder alarm over fossil financing
2022-05-20 15:14:47
Seven financiers abandon TotalEnergies' EACOP pipeline in a week
2021-12-16 13:33:02
Cambo oil field "paused" following pressure on Shell & banks
2021-12-16 13:04:42
Equator Principles improve transparency after BankTrack shows the way
2021-11-02 11:03:26
ANZ launches human rights grievance mechanism in a first for the global banking sector
Connect
2022-04-05 00:00:00
The BankTrack Human Rights Benchmark Asia
2022-03-30 00:00:00
Banking on Climate Chaos 2022
2022-03-08 00:00:00
BankTrack Annual Report 2021
2022-03-03 00:00:00
Locked out of a Just Transition: fossil fuel financing in Africa
2021-12-14 00:00:00
Actions speak louder: Assessing bank responses to human rights violations
2021-10-26 00:00:00
Equator Compliant Climate Destruction: How banks finance fossil fuels under the Equator Principles
See all publications
Browse
Home
Banks
Policies
Dodgy Deals
Campaigns
About
About BankTrack
Donate
Contact BankTrack
Publications
Victories
Follow Us
News
BankTrack blog
Facebook
Twitter Fossil Banks No Thanks Twitter Fossil Banks No Thanks Instagram
Affiliate Websites
Fossil Banks No Thanks
StopEACOP
Forests & Finance
Banks & Biodiversity
Drop JBS
Bank of Coal
Don't Buy into Occupation
Home › News
JPMorgan Chase, world’s biggest funder of fossil fuels, announces net-zero emissions pledge
Start
Banks

By: Rainforest Action Network & Sierra Club
2021-10-08

Contact:

Gabby Brown, Sierra Club

Laurel Sutherlin, RAN


Share this page:

JPMorgan Chase head office in New York. Photo: official-ly cool via Wikimedia Commons (CC BY-SA 3.0)
Go to:
Start
Related Banks

Today, JPMorgan Chase announced a pledge to reach net-zero emissions from its lending and investment portfolios by 2050, and that it will join the Net Zero Banking Alliance (NZBA).

In the years since the Paris Climate Agreement, Chase has been the world’s largest banker of fossil fuels, pouring more than US$ 316 billion into the fossil fuel industry from 2016 to 2020.

“The IEA is only the latest institution to state what climate science shows to be true: reaching net zero emissions by midcentury while limiting climate change to 1.5°C requires ending fossil fuel expansion,” said Alison Kirsch, Research and Policy Manager at Rainforest Action Network. “This means Chase’s net-zero commitment today is not worth the paper it’s written on unless the bank immediately ends its financing for fossil fuel expansion. Until that happens, we can only assume that the world’s biggest banker of fossil fuels is ingenuine in its commitment to net zero and the NZBA.”

"Chase is clearly feeling the pressure to join its peers by pledging to align its financing with net-zero by 2050 and keeping global temperature rise below 1.5°C, but the reality is that doing so means Chase must change its reckless financing practices now, and so far we've seen no evidence that that's happening," said Sierra Club Fossil-Free Finance Campaign Manager Ben Cushing. "Without a plan to stop funding the expansion of fossil fuels, commitments like this are completely inadequate."

From www.sierraclub.org

 

Go to:
Start
Related Banks

Related banks

JPMorgan Chase United States

active
Browse
Home
Banks
Policies
Dodgy Deals
Campaigns
About
About BankTrack
Donate
Contact BankTrack
Publications
Victories
Follow Us
News
BankTrack blog
Facebook
Twitter Fossil Banks No Thanks Twitter Fossil Banks No Thanks Instagram
Affiliate Websites
Fossil Banks No Thanks
StopEACOP
Forests & Finance
Banks & Biodiversity
Drop JBS
Bank of Coal
Don't Buy into Occupation
Vismarkt 15
6511 VJ Nijmegen
The Netherlands

Tel: +31 24 324 9220
Contact@banktrack.org
©2016 BankTrack                Webdesign by BankTrack and EASYmind
BankTrack is a registered charity in the Netherlands (ANBI) - RSIN 813874658
Find our privacy policy here

Stay up to date

Sign up now for all BankTrack's news


Make a comment

Your comment will be reviewed, before being posted