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Memo to JPMorgan Chase Shareholders: Stop Banking on Climate Chaos

Union of Concerned Scientists

Read on to learn why and how more than a thousand scientists issued an open letter urging JPMorgan Chase shareholders to vote in favor of a time-bound phaseout of financing for new fossil fuel development and exploration at the bank’s annual meeting on May 16. degrees Celsius (2.7 C above preindustrial levels.

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What is COP26 and why does it matter? The complete guide

A Greener Life

China is not the only country in the frame: major fossil fuel producers including Saudi Arabia, Russia and Australia have also refused to strengthen their commitments. Carbon dioxide output plunged during the COVID-19 lockdowns last year, but that was temporary and they have surged again since as economies have recovered.

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Banking Against Science: Financial Institutions Continue to Fund Climate Destruction

Union of Concerned Scientists

At the start of the recent COP 27 climate meeting in Egypt, a United Nations report on the role of financial institutions in controlling climate change said, “There is no room for new investment in fossil fuel supply.”. With COP 27 now concluded, fossil fuel investment remains the elephant in the room.