Extinction Rebellion-backing hedge fund chief hits out at ‘greenwashing’ bank bosses

Ministers have stressed that oil and gas drilled in UK waters will be a “transition fuel” to power the country until more renewables come on stream.

InfluenceMap’s analysis found that JP Morgan was the biggest enabler of fossil fuel financing with $81bn between 2020 and 2021, followed by Citigroup with $69bn and Bank of America with $55bn.

Despite setting a 2030 target to reduce power sector emissions, it said that JP Morgan increased its financing of coal production from $1.28bn in 2020 to $3.08bn in 2021.


A JP Morgan spokesman said it facilitated more than $100bn for green activities such as renewable energy, energy efficiency and sustainable transportation in 2021, doubled its green investment banking activity and was the largest underwriter of green bonds.

“These efforts help put us well on our way to our target of $1 trillion for green initiatives over 10 years. We are also taking pragmatic steps to meet our 2030 emission reduction targets in oil and gas, electric power and automotive manufacturing, while helping the world meet its energy needs securely and affordably,” he said.

Sir Christopher is known for donating large sums to charity and is a major financial backer of Extinction Rebellion. He once described himself as an “unbelievable moneymaker” during his record-breaking divorce proceedings in 2013.

Related Posts

ukraine needs much more diverse air defense systems the

Ukraine needs much more diverse air defense systems – the commander of the United Forces of the Armed Forces

At present, the Ukrainian military is very effectively using all the weapons transferred by the partner countries. Ukraine needs air defense systems / photo facebook.com/JointForcesCommandAFU Ukraine needs…

a draft resolution on the creation of an international tribunal

A draft resolution on the creation of an International Tribunal for the Russian Federation is circulating in the UN – Guardian

The US still does not have a clear position on the creation of a special tribunal to try Russians for war crimes. A draft resolution on the…

two thirds of nato countries have exhausted their stockpiles of weapons

Medical facilities in Donetsk are full of wounded servicemen of the enemy – the General Staff

The enemy continues to suffer losses in the Donetsk and Luhansk directions. Every day, the Armed Forces make “three hundred” many occupiers / photo facebook.com/GeneralStaff.ua Medical facilities…

in the kherson region the occupiers are trying to turn

In the Kherson region, the occupiers are trying to turn pensioners into “Russians” – the General Staff of the Armed Forces of Ukraine

In the captured part of the Kherson region, payments to pensioners have been stopped, the General Staff said. Enemies in the Kherson region are trying to make…

mbappes historic record france defeated poland and reached the 14

Mbappe’s historic record: France defeated Poland and reached the 1/4 finals of the 2022 World Cup (video)

The reigning world champions are one step closer to defending their title. Kylian Mbappe / REUTERS photo On Sunday, December 4, as part of the round of…

characters and tense moments a new trailer for the last

Characters and tense moments: a new trailer for The Last of Us series is out

Many characters were also shown in the video. The Last of Us series / photo by GAMINGbible HBO and Sony have released a new trailer for the…

Leave a Reply

Your email address will not be published. Required fields are marked *