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J.P. Morgan & Co.

Climate warning

Deutsche Bank, Citi, JP Morgan: fundraisers for the oil and gas industry

Deutsche Bank, Citi, JP Morgan: fundraisers for the oil and gas industry The oil and gas industry's fundraisers Deutsche Bank and other financial institutions want to move away from the image of climate polluters. But research shows: The financial institutions are still the financiers of fossil energy sources. Deutsche Bank publicly promotes sustainability, but at the same time it is the most important service provider for the oil and gas industry among Europe's banks. Photo: Imago (3) Berlin. Deutsche Bank is owned by JP Morgan along with the US financial institutions , Citigroup and Bank of America among the most important partners of oil, gas and coal companies. Since the Paris Climate Agreement came into force in 2016, major international banks have owned companies such as Shell helped to issue bonds worth more than a trillion euros to finance, among other things, fossil fuel projects. This contradicts the official climate protection goals of politicians, to which the financial industry has also committed itself. This is the result of an investigation by international media in which the Handelsblatt was involved. In the past few months, the Dutch research platforms Investico and Follow the Money, together with twelve media outlets from ten countries, have analyzed the financing of the international oil and gas industry. In addition to the Handelsblatt, “Le Monde” from France, the Spanish newspaper “El Pais” and the “Guardian”, among others, took part in the project called “Great Green Investment Investigation”.

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  • Patrik Lobergh

    41 w

    Excuse my direct language: they are prostitutes and do everything for money=greedy people

    • Esther Wanjiku

      41 w

      Phasing out fossil fuels should be the number one priority of any institution worth its salt

      • We Don't Have Time

        41 w

        Dear Patrik Lobergh Your climate warning has received over 50 agrees! We have reached out to JPMorgan Chase & Co. by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

        • Saustine Lusanzu

          41 w

          We must phase out fossil fuels

          • Elizabeth Gathigia

            41 w

            @saustine_lusanzu I agree with you, it should be a thing of the past

          • Joseph Githinji

            41 w

            This companies must change tact and take responsibility by stopping to fund oil and gas industries.

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