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On July 10, Senators accused JPMorgan Chase CEO Jamie Dimon of backtracking on the bank's climate commitments. Jamie Dimon recently stated that the bank would use the word 'commitment' more reservedly in the future. This has led to concerns from figures such as Senator Elizabeth Warren, who warns that if Dimon misled investors and the public, regulatory and legislative intervention may be necessary. JPMorgan Chase, known as the biggest fossil fuel investor in the world, is under scrutiny for potentially misleading its stakeholders about its climate goals. Public Citizen has highlighted that banks made commitments when it was politically expedient and are now walking them back.
"If you can't compete in the money game, which is very difficult to do, you can compete in the discomfort game, in the reputational risk game," says Former REI CEO Sally Jewell as she calls for grassroots supporters to fight climate change and big oil https://t.co/jRKb3aAgUo https://t.co/q5Sou0DAqz
🚨 JP Morgan, the biggest fossil fuel investor in the world, is accused of misleading investors and the public about its climate commitments. “[Banks] made commitments when it was politically expedient and now they are walking them back.” https://t.co/OboXSLi37r
JPMorgan Chase to their investors and the public for years: We're committed to reducing climate change. Jamie Dimon to shareholders this year: "We are going to use the word 'commitment' much more reservedly in the future." I'm seeking accountability. https://t.co/SNdOIhanN7