BlackRock boss Larry Fink’s pledge to take climate change seriously turns up the heat on his counterpart at JPMorgan, Jamie Dimon, writes gfhay.
British lender Lloyds Banking Group on Jan. 21 said it hoped to cut the carbon emissions it finances in half by 2030.
The previous week, a report from the Rainforest Action Network named JPMorgan Chief Executive Jamie Dimon the “dirty billionaire of Wall Street,” pointing to the U.S. bank’s role as a lender and banker to fossil-fuel companies, its asset management arm’s holdings of fossil-fuel company stocks and bonds, and its voting record as an investor on climate-change shareholder resolutions.
Dimon was one of several U.S. bank chief executives attending the World Economic Forum, which takes place in Davos, Switzerland from Jan. 21 to Jan. 24.
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