JPMorgan Divests From Arctic Oil, Natural Gas Development as Energy Transition Continues Apace

摘要

Lender JPMorgan Chase & Co. will no longer fnance new oil and gas development in the Arctic, part of a host of measures the bank announced during its investor day Tuesday aimed at transitioning to a low- carbon economy. The global fnancial services frm, which boasts $2.7 trillion in assets, said it plans to “support the market demand for and transition to cleaner sources of energy” by expanding its restrictions on fnancing for fossil fuel development.