America’s largest bank is shunning calls from shareholders to disclose its full emissions, despite warnings from its own economists that “catastrophic” climate change could end up threatening human life “as we know it.”
JPMorgan Chase, which a coalition of U.S. environmental groups recently claimed is the world’s largest financer of fossil fuels, has instructed its shareholders to vote down a proposal for the bank to report the emissions of its lending activities at its upcoming annual general meeting (AGM) on May 19.
Now treasurers from eight U.S. states are joining a call for JPMorgan to elect an independent board chair who will guide the company’s financing to align with the Paris Agreement. Read Full Article - DeSmog Blog, May 14, 2020