For all the concern about climate change – a worry he shares – JPMorgan Chase & Co.’s chief executive said the world’s current and foreseeable energy needs cannot be met without natural gas and oil. JPMorgan’s Jamie Dimon said Russia’s war in Ukraine amplified the significant role of both energy sources. He noted the surge…
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JPMorgan Divests From Arctic Oil, Natural Gas Development as Energy Transition Continues Apace
Lender JPMorgan Chase & Co. will no longer finance new oil and gas development in the Arctic, part of a host of measures the bank announced during its investor day Tuesday aimed at transitioning to a low-carbon economy.
February 25, 2020
JPMorgan Chase Not Inclined to Sink Energy Sector, Says Dimon
JPMorgan Chase & Co. set aside $124 million to cover potential energy loan defaults during the fourth quarter and could set aside another $750 million in reserves if oil were to stay around $30/bbl for 18 months, top executives said Thursday.
January 15, 2016
JPMorgan’s Energy Trading Arm Facing More Scrutiny
The Department of Justice (DOJ) reportedly is investigating whether JPMorgan Chase & Co. has manipulated U.S. energy markets, but neither the department nor the company will comment on the reports.
August 22, 2013
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