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

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).

Leave a Reply