The big banks of Wall Street follow where the money goes, and right now, its certainly not in coal. JPMorgan Chase became the latest big pack to pull back from coal, joining a growing list of financial institutions including Bank of America, Citigroup, and Wells Fargo. It’s part of a broader divestment campaign led by environmental groups including San Francisco-based Rainforest Action Network looking to move the world’s economies beyond fossil fuels. JPMorgan’s sustainability pledge states it will no longer finance coal-fired plants in some countries and will consider on a “case-by-case basis” for coal plants that capture carbon dioxide emissions and prevent their release into the atmosphere.
JPMorgan becomes the latest to divest from coal to combat climate change
More of Today's Solutions
A revived old custom in Italy is helping those in need during the pandemic
In Italy, where the coronavirus has shuttered more than 2 million businesses and left one in every two workers without income, some Italians are ...
Read MoreHungarian scientist uncovers gene-based therapy that could cure blindness
Since 1985, the Körber Foundation in Hamburg has been awarding a prestigious prize to scientists whose work has applied futuristic techniques to physical sciences. ...
Read MoreScientists discover prehistoric dolphin species in landlocked Switzerland
Paleontologists have recently made an extraordinary discovery in landlocked Switzerland: two new species of dolphin dating back to 20 million years ago. Ancient dolphin ...
Read MoreReef Stars revival: innovative solutions to coral reef restoration
Coral reefs, vibrant undersea ecosystems brimming with life, are experiencing an existential crisis. With forecasts indicating that 90 percent of these unique ecosystems may ...
Read More
