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
Founded by members of the Rockefeller family, BankFWD’s mission is to accelerate the transition to a just, zero-carbon economy in line with the 1.5° target of the Paris Climate Agreement.