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JP Morgan Chase makes 'Paris-aligned' financing commitment
07 October 2020JP Morgan Chase - which was recently revealed to be the biggest financier of fossil fuels - has pledged to align its financing with the goals of the Paris Climate Agreement, although one NGO criticised the commitment as "vague".
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Morgan Stanley pledges net-zero carbon emissions by 2050
22 September 2020US banking giant Morgan Stanley has committed to a net-zero financed emissions target by 2050. NGOs said the move "sets a new bar for other major US banks to follow" but pointed out that it lacks "key details".
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Goldman Sachs' environmental policy 'a crucial first step' for US banks
16 December 2019Goldman Sachs' updated environmental policy marks "a crucial first step, among US banks, on ending financing for the expansion of oil and gas", according to a group of NGOs.
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New Jersey poised to re-join RGGI
18 December 2018New Jersey Governor Phil Murphy has announced plans for the state to re-join the Regional Greenhouse Gas Initiative (RGGI).
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Banks too slow to curb coal financing, say NGOs
05 May 2015Global financing for coal mining and coal-fired power generation remained unchanged last year at about $144 billion, despite the financial distress of leading coal miners and many banks increasing their support for renewable energy.
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