💨 Abstract

JPMorgan, the US's biggest lender, revealed it financed $1.29 in green energy for every dollar in high-carbon energy in 2023. This is the first time the bank has released such a ratio. The disclosure follows engagement with New York City Comptroller Brad Lander, who oversees public pension money. Banks are under pressure from investors to support the transition to clean energy.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖