JPMorgan Chase is the target of a new environmental push demanding the bank end funding for tar sands drilling, HuffPost has learned. In a new campaign set to be announced Tuesday, the San Francisco-based Rainforest Action Network criticizes the country’s largest bank by assets for providing over $3.1 billion to tar sands producers between 2014 and 2016 alone. The move comes amid a push by the New York-based JPMorgan to burnish its green bona fides. Like much of the corporate world, JPMorgan publicly supported the Paris climate accord, the historic first emissions-cutting deal to include the United States and China. The bank discontinued funding for most coal projects last year and, earlier this year, vowed to spend $200 billion on renewable energy projects by 2020.

Source: Huffington Post September 26, 2017 15:49 UTC