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J.P. Morgan to Limit Loans that Harm the Environment

| Monday April 25th, 2005 | 0 Comments

JPMorgan.gifSometimes it takes a little civil disobedience to convince companies do the right thing. Through a series of protests and demonstrations, the Rainforest Action Network has convinced J.P. Morgan Chase & Co.—the third largest bank in the U.S.—to develop a new policy limiting lending and underwriting for environmentally-damaging industrial projects. I reckon other banks should follow suit before the activists choose their next target…
Read the Wall Street Journal article or check out the the new policy (via Rainforest Action Network).


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