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JPMorgan announces big moves to support environment, including ending loans to coal industry

February 25, 2020


JPMorgan Chase announced a pledge to facilitate $200 billion in environmental and economic development deals and will pull back from advising and lending to the coal-mining industry.

The new targets, disclosed Tuesday in presentations for the New York-based bank’s annual investor day, mark an expansion from previous sustainable financing goals. Apart from helping to fund new climate and economic inclusion projects around the world, the bank said it was taking new steps to accelerate the transition to clean energy.

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