JPMorgan is deploying $2.5 trillion to fight the climate crisis and inequality
CNN
America's largest bank is adding some serious firepower to the fight against climate change and inequality.
JPMorgan Chase (JPM) announced Thursday that it aims to finance or facilitate investments of $2.5 trillion over 10 years to support solutions that address climate change and contribute to sustainable development. The target includes $1 trillion for green initiatives such as renewable energy, new clean technology, waste management and conservation. The announcement, believed to be the largest of its kind by a major bank, is the latest in a string of pledges by financial institutions to help the world pivot toward a cleaner energy future.
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