JPMorgan Chase & Co. will not finance any new oil and gas drilling projects in the Arctic, part of a set of updated climate and environmental commitments the company announced this morning at its annual investor day.

The banking giant also plans to further restrict investments in coal companies and facilitate $200 billion to support the United Nations' Sustainable Development Goals.

That includes $50 billion in financing for green initiatives that will go toward a separate sustainability goal the company set in 2017. Read Full Article - E&E News, February 25, 2020