Debunking JPMorgan Chase's Misleading Claims from its 2023 Letter to Shareholders
JPMorgan Chase CEO Jamie Dimon's annual letter to shareholders ahead of its annual general meeting is a masterclass in myths about what banks can and should do to reduce climate change and secure their bottom lines.
- 1. There’s a trade-off between climate action and the bottom line
- Continued financing for new sources of fossil fuels is necessary for global energy security
- Banks cannot act meaningfully to combat climate change until they are required to by the government